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: $0
• 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 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: 95.4

Median Income

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

• Median Income: $44658

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 Freeport, 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.