Cost of Living: Lake zurich, IL vs Chicago, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake zurich | Chicago |
|---|---|---|
| Housing Index | 115.0 | 110.0 |
| Median Home Price | $437,200 | $310,000 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1900 | $2250 |
Housing Comparison: Lake zurich vs Chicago
- In Lake zurich, the median home price is higher at $437,200, while in Chicago it is $310,000.
- In Chicago, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Lake zurich.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake zurich | Chicago |
|---|---|---|
| Electricity Price | $16.15 | $16.15 |
| Natural Gas Price | $16.59 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lake zurich vs Chicago
- Electricity costs are the same in both Lake zurich and Chicago at $16.15 per kWh.
- Natural gas costs are identical in both Lake zurich and Chicago at $16.59 per unit.
- Utility expenses are equal in both Lake zurich and Chicago averaging $250.