The housing market plays a significant role in determining the cost of living in Bellwood, IL.
Considering moving to Bellwood, IL? With a housing index of 105.0, it appears that housing costs are relatively stable compared to national averages. The median home price stands at 232000, making homeownership accessible, while average rents for a 2-bedroom apartment and house are at 1800 and 1840 respectively. This reflects a reasonable rental market, although potential homeowners should weigh monthly mortgage payments against rental prices. Additionally, region-specific factors such as job growth, amenities, and schools will significantly impact your living experience here.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bellwood, IL.
Living in Bellwood, 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.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Bellwood, IL, consider the following factors: