Cost of Living in Hillsboro, IL
Housing
The housing market plays a significant role in determining the cost of living in Hillsboro, IL.
- Housing Index: 90.0 / 100
- Median Home Price is: $110000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
When considering a move to Hillsboro, IL, the current housing index of 90.0 indicates a relatively affordable market compared to national averages. The median home price of 110000 presents an attractive opportunity for potential homebuyers. Meanwhile, average rent for a 2-bedroom apartment at 1200 and a house at 1240 suggests reasonable rental options as well. Keep in mind that stable or increasing property values can enhance your investment if you decide to buy. Overall, Hillsboro seems to be a promising location for both homeowners and renters alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hillsboro, 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 Hillsboro, 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 Hillsboro is a financially viable option for your relocation.