Cost of Living in Highland park, IL
Housing
The housing market plays a significant role in determining the cost of living in Highland park, IL.
- Housing Index: 135.8 / 100
- Median Home Price is: $607,500
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2430 per month
When considering moving to Highland park, IL, the housing market demonstrates a relatively high housing index of 135.8. This indicates that housing prices may be above the national average, which can impact your overall budget. The median home price is quite steep at 607500, and rental options reflect this trend, with the average rent for a 2-bedroom apartment around 2300 and a 2-bedroom house at 2430. It's crucial to weigh these costs against your financial situation and quality of life factors before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Highland park, 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.): $290 per month
Living in Highland park, 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 $290 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 Highland park is a financially viable option for your relocation.