Cost of Living: Peoria, IL vs Elgin, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Peoria | Elgin |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $194,000 | $175,000 |
| Average Rent (2 BR Apartment) | $900 | $Data is updating |
| Average Rent (2 BR House) | $920 | $Data is updating |
Housing Comparison: Peoria vs Elgin
- In Peoria, the median home price is higher at $194,000, while in Elgin it is $175,000.
- The rent for a two-bedroom apartment is equal in both Peoria and Elgin at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Peoria | Elgin |
|---|---|---|
| Electricity Price | $16.15 | $14.82 |
| Natural Gas Price | $16.59 | $15.61 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Peoria vs Elgin
- Electricity costs are higher in Peoria at $16.15 per kWh, compared to $14.82 in Elgin.
- Natural gas is more expensive in Peoria at $16.59 per unit, while it is cheaper at $15.61 in Elgin.
- Utility expenses are equal in both Peoria and Elgin averaging $250.