Cost of Living in Addison, IL
Housing
The housing market plays a significant role in determining the cost of living in Addison, IL.
- Housing Index: 115.0 / 100
- Median Home Price is: $315,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Addison, IL, it's essential to recognize its vibrant community of approximately residents, with a median age of years, indicating a diverse demographic. The median income is an attractive , complemented by a low poverty level of %. Moreover, 43% of households are married families, suggesting a stable environment for families. However, be mindful of the unemployment rate at %, which may indicate job market challenges. Overall, Addison offers appealing living conditions but requires careful consideration of employment opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Addison, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Addison, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Addison is a financially viable option for your relocation.