Cost of Living in Pekin, IL
Housing
The housing market plays a significant role in determining the cost of living in Pekin, IL.
- Housing Index: Data is updating
- Median Home Price is: $162,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Moving to Pekin, IL could be an affordable option for many, especially considering its median home price of 162000. However, with a housing index of 0.0 and average rents for both 2-bedroom apartments and houses at 0.0 and 0.0 respectively being reported as 0.0, there may be various aspects to evaluate, possibly indicating a limited rental market. Be sure to explore local amenities and job opportunities as they play a significant role in making your decision. Affordability here may align well with your budget if you're planning to buy.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pekin, 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 Pekin, 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 Pekin is a financially viable option for your relocation.