Cost of Living in Channahon, IL
Housing
The housing market plays a significant role in determining the cost of living in Channahon, IL.
- Housing Index: 90.0 / 100
- Median Home Price is: $263000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1400 per month
Considering a move to Channahon, IL? The housing index stands at 90.0, indicating a favorable market compared to national averages. With a median home price of 263000, purchasing a property may be a compelling investment. Renters might find competitive rates, as the average rent for a 2-bedroom apartment is around 1500, and a 2-bedroom house averages 1400. Additionally, examining local amenities and job opportunities will further enhance your decision-making process. Weighing these factors will help determine if Channahon is the right choice for your next home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Channahon, 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 Channahon, 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 Channahon is a financially viable option for your relocation.