Cost of Living in Northlake, IL
Housing
The housing market plays a significant role in determining the cost of living in Northlake, IL.
- Housing Index: Data is updating
- Median Home Price is: $279,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your data for Northlake, IL, the 0.0 index at 0.0 suggests a lack of available rental options, making it tricky for potential tenants. With a median home price of 279000 indicating a relatively affordable market, purchasing might be a more viable option for many. However, without clear rental cost metrics, weighing the pros and cons becomes difficult. Generally, the lack of rental units can signal a growing market or potential housing shortages, so further investigation is wise before making our decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Northlake, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Northlake, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Northlake is a financially viable option for your relocation.