Cost of Living in Putnam, IL
Housing
The housing market plays a significant role in determining the cost of living in Putnam, IL.
- Housing Index: Data is updating
- Median Home Price is: $135,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the housing data for Putnam, IL, the low housing index of 0.0 indicates a potentially favorable market for homebuyers. With a median home price of 135000, homes in this area are more affordable compared to national averages, enticing for first-time buyers or those looking to downsize. However, the rental situation may seem less favorable given that both the average rents for 2-bedroom apartments and houses are recorded at zero, which might indicate either rare pricing data or limited availability. Overall, it presents a promising opportunity for homeownership in Putnam.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Putnam, 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 Putnam, 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 Putnam is a financially viable option for your relocation.