Cost of living in Geneva
Geneva, Illinois, is a charming city known for its historic architecture and vibrant community. Understanding the cost of living here is crucial for potential residents and those planning to relocate.
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 $10 and $28.
- 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 $125.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.5, with a range between $9 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $11, imported beer $6 to $13, cappuccino $3 to $6, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.66 and $1.16 per liter, averaging $0.84.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $7.72, with an average price of $4.
- Eggs (Dozen) - A dozen eggs range from $1.7 to $8, averaging $3.33.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $8.8 per kg, while oranges range from $1.52 to $12.5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.77 and $3.51 per kg, and lettuce costs $1.3 to $2.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.74 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $4.5, with a cost of $2.17 per km and $42 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $23,000 and $30,000, while a Toyota Corolla ranges from $24,000 to $26,000.
Housing Costs
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the centre averages $3000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $103.89 and $265, averaging $131.22.
- Internet - Internet services range from $35 to $95, with an average cost of $65.
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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Salaries And Financing
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"Key Takeaways"
Geneva, IL, offers a moderate cost of living with reasonable prices for dining and groceries.
Housing costs can be significant, especially for larger apartments, but utility costs remain manageable.
Transportation costs are relatively low, with affordable gasoline prices and reasonable taxi fares.
Conclusion
In conclusion, Geneva, IL, presents a balanced cost of living, making it an attractive option for families and individuals alike.
While housing can be a major expense, the overall affordability of groceries, dining, and transportation helps offset these costs.
Prospective residents should consider their lifestyle needs and budget to determine if Geneva is the right fit for them.