Cost of living in Buffalo Grove
Buffalo Grove, located in Illinois, is a suburban community known for its family-friendly environment and proximity to Chicago. Understanding the cost of living in Buffalo Grove is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $14.5 and $29.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $57.5, with prices ranging from $50 to $84.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $8 and $12.8.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic and imported beers are priced at $5, cappuccino averages $4.9, and Coke/Pepsi costs $2.4.
Grocery Prices
- Milk - Milk is priced between $0.59 and $1.32 per liter, averaging $1.04.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.65 and $4.18, with an average price of $2.75.
- Eggs (Dozen) - A dozen eggs range from $1.5 to $3.5, averaging $2.3.
- Fruits (e.g., Apples, Oranges) - Apples are priced at $4.17 per kg, while oranges range from $4.41 to $5.47 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced at $3.73 per kg, and lettuce costs $1.99 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $1.03 per liter.
- Taxi Fares - Taxi fares start at $4.53, with a cost of $2.87 per km and $17.5 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1800.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1400.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $165 and $300, averaging $212.25.
- Internet - Internet services range from $52 to $100, with an average cost of $70.5.
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.
Cost of Living Data
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"Key Takeaways"
Buffalo Grove offers a balanced cost of living with moderate expenses in dining and groceries.
Housing costs are relatively high, especially in the city centre, but utilities and transportation remain affordable.
Residents can manage expenses by choosing dining options wisely and considering housing outside the city centre.
Conclusion
In conclusion, Buffalo Grove presents a moderate cost of living with a mix of affordable and higher-priced options.
Potential residents should consider their lifestyle preferences and budget constraints when planning a move to this suburban area.