Cost of Living in Woodridge, IL
Housing
The housing market plays a significant role in determining the cost of living in Woodridge, IL.
- Housing Index: 115.0 / 100
- Median Home Price is: $321,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
When considering a move to Woodridge, IL, the housing index of 115.0 indicates that it's slightly above the national average, suggesting a moderately competitive market. With a median home price of 321000, homeownership may be attainable for many, though approaching affordability limits for some. Renting remains a viable option, with an average rent of 1800 for apartments and 1920 for houses. It is essential to weigh these costs against your budget; alongside local amenities and job market conditions, these factors will guide your decision-making effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Woodridge, 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 Woodridge, 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 Woodridge is a financially viable option for your relocation.