Cost of Living in Loves park, IL
Housing
The housing market plays a significant role in determining the cost of living in Loves park, IL.
- Housing Index: 80.0 / 100
- Median Home Price is: $213,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Loves park, IL, you'll find a population of , with a median age of . The community is predominantly made up of 35% married families, suggesting a stable environment potentially suitable for family life. An attractive median income of indicates a solid economic base, while a low poverty level of reflects overall economic health. Furthermore, the unemployment rate of means job opportunities are reasonably promising. This combination can make Loves park a desirable choice for prospective residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Loves park, 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 Loves park, 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 Loves park is a financially viable option for your relocation.