Cost of Living: Wilmington, NC vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Wilmington | Palatine |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $320,000 | $316,000 |
| Average Rent (2 BR Apartment) | $1500 | $1800 |
| Average Rent (2 BR House) | $1600 | $1840 |
Housing Comparison: Wilmington vs Palatine
- In Wilmington, the median home price is higher at $320,000, while in Palatine it is $316,000.
- In Palatine, the rental for a two-bedroom apartment stands at $1,800, while it is $1,500 in Wilmington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Wilmington | Palatine |
|---|---|---|
| Electricity Price | $13.72 | $16.15 |
| Natural Gas Price | $Data is updating | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Wilmington vs Palatine
- Palatine has higher electricity costs at $16.15 per kWh, versus $13.72 in Wilmington.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Wilmington and Palatine averaging $250.