Cost of Living in Pana, IL

Housing

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

• Housing Index: 75.0 / 100
• Median Home Price is: $135000
• Average Rent (2 BR Apartment): $960 per month
• Average Rent (2 BR House): $800 per month

Considering a move to Pana, IL? With a population of and a median age of , this community offers a stable environment catering primarily to adult residents. About % of the households are married families, which fosters a family-oriented atmosphere. The median income here stands at , while poverty affects roughly % of residents. The unemployment rate is at %, indicating relatively stable job availability. Overall, if you're seeking a serene community with a balanced demographic, Pana may suit your lifestyle aspirations well.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pana, 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.): $220 per month

Living in Pana, 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 220 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: 87.5

Median Income

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

• Median Income: $47763

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.

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Summary

When considering a move to Pana, 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.