Cost of Living: Lake geneva, WI vs Addison, IL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Lake geneva Addison
Housing Index 115.0 115.0
Median Home Price $273,000 $315,000
Average Rent (2 BR Apartment) $1400 $1800
Average Rent (2 BR House) $1436 $1840

Housing Comparison: Lake geneva vs Addison

  • The median home price in Addison is higher at $315,000, compared to $273,000 in Lake geneva.
  • In Addison, the rental for a two-bedroom apartment stands at $1,800, while it is $1,400 in Lake geneva.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Lake geneva Addison
Electricity Price $17.6 $16.15
Natural Gas Price $11.5 $16.59
Other Utilities $250 $250

Utilities Comparison: Lake geneva vs Addison

  • Electricity costs are higher in Lake geneva at $17.6 per kWh, compared to $16.15 in Addison.
  • Addison experiences higher natural gas costs at $16.59 per unit, with costs at $11.5 in Lake geneva.
  • Utility expenses are equal in both Lake geneva and Addison averaging $250.