Cost of Living in Naperville, IL

Housing

The housing market plays a significant role in determining the cost of living in Naperville, IL.

• Housing Index: 120.0 / 100
• Median Home Price is: $395000
• Average Rent (2 BR Apartment): $2200 per month
• Average Rent (2 BR House): $2240 per month

In analyzing the data for Naperville, IL, we note a population of with a median age of . The economic landscape shows promise with a strong median income of , paired with a relatively low poverty level of %. Approximately 49% of households are married families, suggesting a community-oriented atmosphere. However, the unemployment rate stands at %, indicating potential economic challenges that could affect job seekers. Overall, Naperville presents a mix of stability and opportunity, ideal for those seeking a balanced lifestyle. Consider these factors carefully when planning your move.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Naperville, 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 Naperville, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $143754

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Naperville, IL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.