Cost of Living: Radford, VA vs Lake zurich, IL

Housing

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

Metric Radford Lake zurich
Housing Index 90.0 115.0
Median Home Price $205,000 $437,200
Average Rent (2 BR Apartment) $1200 $1800
Average Rent (2 BR House) $1360 $1900

Housing Comparison: Radford vs Lake zurich

  • The median home price in Lake zurich is higher at $437,200, compared to $205,000 in Radford.
  • In Lake zurich, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Radford.

Utilities

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

Metric Radford Lake zurich
Electricity Price $15.31 $16.15
Natural Gas Price $19.91 $16.59
Other Utilities $250 $250

Utilities Comparison: Radford vs Lake zurich

  • Lake zurich has higher electricity costs at $16.15 per kWh, versus $15.31 in Radford.
  • Natural gas is more expensive in Radford at $19.91 per unit, while it is cheaper at $16.59 in Lake zurich.
  • Utility expenses are equal in both Radford and Lake zurich averaging $250.