Cost of Living in Highland, IL

Housing

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

• Housing Index: 95.0 / 100
• Median Home Price is: $238000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1250 per month

Based on the provided data for Highland, IL, the housing index at 95.0 indicates a moderately favorable market for potential buyers and renters. With a median home price of 238000 and average rent for a 2BR apartment at 1200, residents can enjoy affordable living compared to many urban centers. Renting a 2BR house at 1250 offers a slightly higher price but could provide additional space and privacy. As more people seek affordability, consider exploring this area’s local amenities and lifestyle, which may also influence your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Highland, 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 Highland, 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 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: 98.5

Median Income

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

• Median Income: $75779

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 Highland, 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.