Cost of Living in Freeport, IL
Housing
The housing market plays a significant role in determining the cost of living in Freeport, IL.
- Housing Index: 85.0 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering moving to Freeport, IL? The housing index is a notable 85.0, indicating a relatively affordable market compared to national averages. Renters can expect to pay approximately $1,200 for an average 2-bedroom apartment and about $1,360 for a 2-bedroom house, which aligns with modest cost expectations in many regions. However, the absence of a median home price suggests housing options may be limited or not immediately purchasable. Evaluate these rental costs closely to determine if renting aligns with your overall financial strategy and long-term goals 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 Freeport, 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.): $210 per month
Living in Freeport, 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 $210 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 Freeport is a financially viable option for your relocation.