Cost of Living in Rockford, IL
Housing
The housing market plays a significant role in determining the cost of living in Rockford, IL.
- Housing Index: 85.0 / 100
- Median Home Price is: $156000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Rockford, IL? With a housing index of 85.0, it appears relatively affordable compared to national averages. The median home price stands at 156000, which can be appealing for potential buyers. Additionally, if you're looking to rent, the average rent for a 2-bedroom apartment is about 1200, while a 2-bedroom house averages 1360. Keep in mind, affordability isn't just about price; consider surrounding amenities, schools, and commuting options to ensure you make the best choice for your lifestyle!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rockford, 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 Rockford, 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 Rockford is a financially viable option for your relocation.