Cost of Living in Lacon, IL
Housing
The housing market plays a significant role in determining the cost of living in Lacon, IL.
- Housing Index: Data is updating
- Median Home Price is: $109,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Lacon, IL? With a median home price of 109000, purchasing property here could be an affordable option. However, a housing index of 0.0 suggests some market instability or worsening conditions. Interestingly, the average rent for both 2-bedroom apartments and houses currently sits at 0.0 and 0.0 respectively, signaling potential gaps in rental availability. It's essential to weigh the lower homeownership costs against the potential risks in the rental market before making your decision. Always do further localized research to grasp the full picture!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lacon, 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 Lacon, 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 Lacon is a financially viable option for your relocation.