Cost of Living in Hopedale, IL
Housing
The housing market plays a significant role in determining the cost of living in Hopedale, IL.
- Housing Index: Data is updating
- Median Home Price is: $95,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Hopedale, IL, the data indicates a favorable housing scenario. With a median home price of 95000, you can find affordable options compared to national averages. However, since both average rent for a 2-bedroom apartment and house are reported as 0.0 and 0.0, it suggests a potential lack of data or rental options in the area. This might indicate a low rental market, appealing for buyers looking to invest. It's essential to investigate further local amenities and neighborhood conditions as you weigh your options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hopedale, 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.): Data is updating
Living in Hopedale, 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 data unavailable 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 Hopedale is a financially viable option for your relocation.