Cost of Living in Kincaid, IL
Housing
The housing market plays a significant role in determining the cost of living in Kincaid, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $117,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Kincaid, IL? The housing index of 101.8 indicates a relatively affordable market. With a median home price of 117000, purchasing property here could be advantageous, especially compared to national averages. Additionally, average rents for a 2-bedroom apartment at 1707 and a house at 1855 suggest a manageable cost, making it attractive for renters too. With growing populations in smaller cities, this location could continue to appreciate in value, presenting great opportunities for both homebuyers and renters.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kincaid, 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.): $244 per month
Living in Kincaid, 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 $244 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 Kincaid is a financially viable option for your relocation.