Cost of Living: Lynn, MA vs Channahon, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lynn | Channahon |
|---|---|---|
| Housing Index | 125.0 | 90.0 |
| Median Home Price | $476,800 | $263,000 |
| Average Rent (2 BR Apartment) | $2400 | $1500 |
| Average Rent (2 BR House) | $2496 | $1400 |
Housing Comparison: Lynn vs Channahon
- In Lynn, the median home price is higher at $476,800, while in Channahon it is $263,000.
- Renting a two-bedroom apartment costs more in Lynn at $2,400 than in Channahon at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lynn | Channahon |
|---|---|---|
| Electricity Price | $28.15 | $16.15 |
| Natural Gas Price | $21.62 | $16.59 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Lynn vs Channahon
- Electricity costs are higher in Lynn at $28.15 per kWh, compared to $16.15 in Channahon.
- Natural gas is more expensive in Lynn at $21.62 per unit, while it is cheaper at $16.59 in Channahon.
- Other utility costs are higher in Lynn at an average of $280, compared to Channahon with $250.