Cost of living in Addison
Addison, located in Illinois, is a vibrant community known for its suburban charm and proximity to Chicago. Understanding the cost of living in Addison is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $12 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $87.5, with prices ranging from $50 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $11 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $11, imported beer $7 to $13, cappuccino $3 to $7, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.66 and $1.06 per liter, averaging $0.84.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $6.61, with an average price of $4.66.
- Eggs (Dozen) - A dozen eggs range from $2 to $8, averaging $4.67.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $7.72 per kg, while oranges range from $1.52 to $5.49 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.77 and $2.2 per kg, and lettuce costs $1.65 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $1.06 per liter.
- Car Purchase - A new Volkswagen Golf costs $24,500, while a Toyota Corolla is priced around $25,533.33.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1700.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1300.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3500.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2500.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $170, averaging $140.
- Internet - Internet services range from $35 to $95, with an average cost of $60.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Addison offers a moderate cost of living with competitive housing and utility prices compared to larger cities.
Dining out can vary significantly in cost, with options ranging from affordable fast food to more expensive dining experiences.
Transportation costs are relatively low, especially for fuel, making it a car-friendly location.
Conclusion
In conclusion, Addison, IL, presents a balanced cost of living that appeals to both families and individuals.
With reasonable housing costs and a variety of dining and grocery options, residents can enjoy a comfortable lifestyle.
Whether you're moving for work or seeking a suburban lifestyle near Chicago, Addison offers a compelling mix of affordability and convenience.