Cost of Living: Chicago, IL vs New london, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chicago | New london |
|---|---|---|
| Housing Index | 110.0 | 120.0 |
| Median Home Price | $310,000 | $258,000 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2250 | $1900 |
Housing Comparison: Chicago vs New london
- In Chicago, the median home price is higher at $310,000, while in New london it is $258,000.
- Renting a two-bedroom apartment costs more in Chicago at $2,200 than in New london at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chicago | New london |
|---|---|---|
| Electricity Price | $16.15 | $26 |
| Natural Gas Price | $16.59 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Chicago vs New london
- New london has higher electricity costs at $26 per kWh, versus $16.15 in Chicago.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Chicago at an average of $250, compared to New london with $200.