Cost of Living: Hoffman estates, IL vs Bolivar, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hoffman estates | Bolivar |
|---|---|---|
| Housing Index | 110.5 | 85.0 |
| Median Home Price | $390,000 | $173,000 |
| Average Rent (2 BR Apartment) | $1800 | $1000 |
| Average Rent (2 BR House) | $1900 | $1024 |
Housing Comparison: Hoffman estates vs Bolivar
- In Hoffman estates, the median home price is higher at $390,000, while in Bolivar it is $173,000.
- Renting a two-bedroom apartment costs more in Hoffman estates at $1,800 than in Bolivar at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hoffman estates | Bolivar |
|---|---|---|
| Electricity Price | $16.15 | $12.57 |
| Natural Gas Price | $16.59 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hoffman estates vs Bolivar
- Electricity costs are higher in Hoffman estates at $16.15 per kWh, compared to $12.57 in Bolivar.
- Natural gas is more expensive in Hoffman estates at $16.59 per unit, while it is cheaper at $12.35 in Bolivar.
- Utility expenses are equal in both Hoffman estates and Bolivar averaging $250.