Cost of living in McHenry
McHenry, located in Illinois, offers a unique blend of suburban charm and accessibility to urban amenities. Understanding the cost of living in McHenry is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of expenses in McHenry, covering essential categories such as dining, groceries, transportation, housing, and utilities.
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 $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $75, 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 $8, imported beer $6 to $8, cappuccino $3 to $6, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.71 and $1.16 per liter, averaging $0.96.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.97 and $7.72, with an average price of $4.
- Eggs (Dozen) - A dozen eggs range from $1.7 to $6, averaging $3.33.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.62 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 $1.52 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 $1.03 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
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1402.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $129 and $265, averaging $196.44.
- Internet - Internet services range from $50 to $95, with an average cost of $71.56.
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"
McHenry offers a moderate cost of living with affordable dining options and reasonable grocery prices. Housing costs are relatively stable, with utilities and internet services being moderately priced.
Transportation costs are manageable, especially for those who own a vehicle, given the competitive gasoline prices.
Conclusion
In conclusion, McHenry, IL, presents a balanced cost of living that caters to a variety of lifestyles. With affordable dining and grocery options, residents can enjoy a comfortable lifestyle without excessive expenses.
The city's housing and utility costs are reasonable, making it an attractive option for individuals and families seeking a suburban environment with access to urban amenities.