Cost of Living in Shumway, IL
Housing
The housing market plays a significant role in determining the cost of living in Shumway, IL.
- Housing Index: 90.0 / 100
- Median Home Price is: $173,000
- Average Rent (2 BR Apartment): $850 per month
- Average Rent (2 BR House): $880 per month
Considering a move to Shumway, IL? With a housing index of 90.0, the market appears quite affordable compared to national trends. The median home price of 173000 is lower than many urban areas, making home ownership appealing. Moreover, renting options are relatively reasonable: average rent for a 2-bedroom apartment stands at 850, while a 2-bedroom house is slightly higher at 880. This balanced housing landscape could support a comfortable lifestyle, encouraging both buyers and renters to explore the vibrant local community among other engaging offerings in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shumway, 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.): $200 per month
Living in Shumway, 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 $200 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 Shumway is a financially viable option for your relocation.