Cost of Living: Elgin, IL vs Lafayette, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elgin | Lafayette |
|---|---|---|
| Housing Index | 115.0 | 183.0 |
| Median Home Price | $292,000 | $1,148,000 |
| Average Rent (2 BR Apartment) | $1600 | $3150 |
| Average Rent (2 BR House) | $1650 | $3225 |
Housing Comparison: Elgin vs Lafayette
- The median home price in Lafayette is higher at $1,148,000, compared to $292,000 in Elgin.
- In Lafayette, the rental for a two-bedroom apartment stands at $3,150, while it is $1,600 in Elgin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elgin | Lafayette |
|---|---|---|
| Electricity Price | $16.15 | $32.99 |
| Natural Gas Price | $16.59 | $16.99 |
| Other Utilities | $250 | $350 |
Utilities Comparison: Elgin vs Lafayette
- Lafayette has higher electricity costs at $32.99 per kWh, versus $16.15 in Elgin.
- Lafayette experiences higher natural gas costs at $16.99 per unit, with costs at $16.59 in Elgin.
- Lafayette has higher utility expenses, averaging $350, while Elgin averages $250.