Cost of Living in Northbrook, IL
Housing
The housing market plays a significant role in determining the cost of living in Northbrook, IL.
- Housing Index: 110.0 / 100
- Median Home Price is: $494,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
When considering a move to Northbrook, IL, it's essential to note that the housing index stands at 110.0, indicating that the market is slightly above the national average. With a median home price of 494000, purchasing property in this region could be a considerable investment. Additionally, the average rent for a 2-bedroom apartment and house sits at 2200 and 2240, respectively, suggesting that rental prices are on the high side. If you're moving with a family or seeking long-term residence, homeownership could be more financially beneficial in this context.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Northbrook, 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 Northbrook, 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 Northbrook is a financially viable option for your relocation.