Cost of Living in Joliet, IL
Housing
The housing market plays a significant role in determining the cost of living in Joliet, IL.
- Housing Index: 85.0 / 100
- Median Home Price is: $205000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1285 per month
Considering a move to Joliet, IL? With a housing index of 85.0, this area presents an affordable option for homebuyers and renters alike. The median home price stands at 205000, making homeownership accessible compared to national averages. You can expect to pay around 1200 for a 2-bedroom apartment or slightly higher at 1285 for a 2-bedroom house. Keep in mind, strong schools, local amenities, and recreational opportunities can also influence quality of life 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 Joliet, 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.): $200 per month
Living in Joliet, 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 $200 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 Joliet is a financially viable option for your relocation.