Cost of Living in Dekalb, IL

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $231000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

Considering a move to Dekalb, IL? The housing market shows a promising index of 85.0, indicating a stable environment for prospective homeowners. With the median home price of 231000 and average rent for a 2BR apartment at 1200, the cost of living is relatively affordable compared to national averages. Renting a 2BR house is also competitive at 1360. For those prioritizing homeownership or rental options, Dekalb presents a favorable situation, making it an appealing choice for families and young professionals alike.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Dekalb, 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.): $200 per month

Living in Dekalb, 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 200 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: 92.5

Median Income

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

• Median Income: $47410

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 Dekalb, 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.