Cost of Living in Vernon hills, IL
Housing
The housing market plays a significant role in determining the cost of living in Vernon hills, IL.
- Housing Index: 110.0 / 100
- Median Home Price is: $392,500
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1856 per month
In analyzing the housing market of Vernon hills, IL, the data reveals a housing index of 110.0, indicating a relative affordability compared to national standards. The median home price stands at 392500, suggesting a reasonable entry point for buyers in a currently competitive market. Rental prices are also notable, with average costs for a 2-bedroom apartment at 1800 and a house at 1856. These figures highlight the increasing demand for housing in this area, making it an enticing option for potential residents. Consider these metrics to assess your housing options effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vernon hills, 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 Vernon hills, 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 Vernon hills is a financially viable option for your relocation.