Cost of Living: Hillsboro, IL vs Indianapolis, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hillsboro | Indianapolis |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $110,000 | $238,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1240 | $1200 |
Housing Comparison: Hillsboro vs Indianapolis
- The median home price in Indianapolis is higher at $238,000, compared to $110,000 in Hillsboro.
- The rent for a two-bedroom apartment is equal in both Hillsboro and Indianapolis at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hillsboro | Indianapolis |
|---|---|---|
| Electricity Price | $16.15 | $14.89 |
| Natural Gas Price | $16.59 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Hillsboro vs Indianapolis
- Electricity costs are higher in Hillsboro at $16.15 per kWh, compared to $14.89 in Indianapolis.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Hillsboro at an average of $250, compared to Indianapolis with $200.