Cost of Living in Aurora, IL

Housing

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

• Housing Index: 95.0 / 100
• Median Home Price is: $300000
• Average Rent (2 BR Apartment): $1300 per month
• Average Rent (2 BR House): $1360 per month

Considering a move to Aurora, IL? With a housing index of 95.0, it's slightly below the national average, indicating potentially more affordable living options. The median home price stands at 300000, making homeownership attainable for many. Renting could be an option as well, with the average rent for a 2-bedroom apartment at 1300 and a house at 1360. This balance between rental and purchase prices may attract diverse demographics, from young professionals to families seeking competitive housing opportunities in the area.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Aurora, 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 Aurora, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 98.7

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $85943

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Aurora, IL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.