Cost of Living: Irving, TX vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Irving | Palatine |
|---|---|---|
| Housing Index | 97.5 | 110.0 |
| Median Home Price | $393,765 | $316,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1872 | $1840 |
Housing Comparison: Irving vs Palatine
- In Irving, the median home price is higher at $393,765, while in Palatine it is $316,000.
- The rent for a two-bedroom apartment is equal in both Irving and Palatine 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 | Irving | Palatine |
|---|---|---|
| Electricity Price | $14.47 | $16.15 |
| Natural Gas Price | $26.29 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Irving vs Palatine
- Palatine has higher electricity costs at $16.15 per kWh, versus $14.47 in Irving.
- Natural gas is more expensive in Irving at $26.29 per unit, while it is cheaper at $16.59 in Palatine.
- Palatine has higher utility expenses, averaging $250, while Irving averages $200.