Cost of Living in Tinley park, IL
Housing
The housing market plays a significant role in determining the cost of living in Tinley park, IL.
- Housing Index: 115.0 / 100
- Median Home Price is: $280000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
In Tinley park, IL, the housing index of 115.0 indicates a slightly above-average cost of living, suggesting a competitive real estate market. With a median home price of 280000 and average rents of 1500 for a 2-bedroom apartment and 1600 for a 2-bedroom house, affordability could be a concern for many prospective residents. If you're considering a move, it's wise to weigh these expenses against local income levels and job market conditions, as they can significantly influence your overall experience in this community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tinley park, 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 Tinley park, 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 Tinley park is a financially viable option for your relocation.