Cost of Living in Carpentersville, IL

Housing

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

• Housing Index: 115.0 / 100
• Median Home Price is: $292000
• Average Rent (2 BR Apartment): $1550 per month
• Average Rent (2 BR House): $1600 per month

When considering a move to Carpentersville, IL, it's essential to evaluate the local housing market. With a housing index of 115.0, it indicates a real estate market that may be slightly above the national average. The median home price of 292000 suggests a solid investment opportunity, while the average rent of 1550 for a 2-bedroom apartment and 1600 for a 2-bedroom house reflects rental market dynamics that could appeal to many. Additionally, consider local amenities and community vibe when making your choice.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Carpentersville, 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 Carpentersville, 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: 110.5

Median Income

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

• Median Income: $82866

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 Carpentersville, 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.