Located in DuPage County, Bloomingdale, Illinois, offers a blend of suburban charm and modern convenience. For those considering a move to this area, getting a snapshot of the cost of living is helpful, especially compared to neighboring communities. From housing prices and property taxes to utilities and groceries, Bloomingdale’s affordability plays a significant role in the decision-making process for individuals and families. Additionally, those in need of housing for veterans will find various local programs offering affordable housing options. For those planning their relocation, choosing a reliable moving service can help ensure a smooth transition to this attractive suburb..
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Housing Prices
Housing is often the largest expense for any resident, and Bloomingdale offers a variety of options, ranging from single-family homes to apartments. The average home price in Bloomingdale sits around $350,000, which is moderately priced compared to other suburbs in the Chicago area. While neighboring communities like Schaumburg and Wheaton may have similar property values, Bloomingdale’s housing market attracts buyers seeking slightly larger homes and more yard space. Renters will also find a range of choices, with average monthly rents around $1,800 for a two-bedroom apartment.
Unlike surrounding towns, Bloomingdale offers a more spacious and relaxed environment for homeowners and renters alike. The area’s housing prices are slightly lower than upscale suburbs like Naperville, making it an appealing option for those looking to balance budget and comfort.
Property Taxes
Illinois is known for having some of the highest property taxes in the country, and Bloomingdale is no exception. Homeowners can expect property tax rates to range from 2.1% to 2.6% of their home’s value. For a $350,000 home, this would mean paying approximately $7,350 to $9,100 annually.
Compared to nearby communities, Bloomingdale’s property taxes are on par with the regional average. While some towns may have slightly lower rates, the taxes in Bloomingdale fund various amenities, such as parks, schools, and public safety services that residents appreciate.
Utilities
Utility costs in Bloomingdale tend to be similar to those in surrounding towns. Electricity, heating, cooling, water, and garbage services can range between $150 and $300 monthly for a standard single-family home, depending on the size of the house and usage habits. Due to Illinois’ cold winters, heating bills can spike during the colder months, but summer cooling costs tend to be more manageable.
Bloomingdale’s utility costs are neither the highest nor the lowest compared to nearby areas. To manage costs effectively, residents can explore energy-efficient appliances and insulation upgrades.
Groceries and Other Living Expenses
Groceries and day-to-day living expenses in Bloomingdale align with the national average. Essential grocery items like milk, bread, and produce are priced similarly to neighboring towns. Residents may also have access to big box retailers and specialty grocery stores, which allow for price comparison and finding the best deals. Dining out in Bloomingdale, whether at local restaurants or chains, is comparable to Schaumburg or Wheaton, with meals ranging from $10 to $20 per person for casual dining.
Transportation costs are moderate, with gas prices usually hovering around the state average. While Bloomingdale does not have a direct train line to downtown Chicago, many residents use nearby Metra stations in neighboring towns, which can add to transportation expenses.
Overall Affordability Compared to Neighboring Areas
When compared to nearby suburbs like Schaumburg, Wheaton, and Naperville, Bloomingdale holds its own in terms of overall affordability. Housing and rent prices in Bloomingdale are generally lower than those in more upscale areas like Naperville but are comparable to towns like Schaumburg. Property taxes, utilities, and groceries align with the regional averages, making it neither the most expensive nor the most affordable suburb in the region.
Bloomingdale offers a good balance of suburban comfort and affordability, especially for families and individuals looking to settle in a well-established community. With a range of housing options and a reasonable cost of living, Bloomingdale remains an appealing choice.
For those ready to move, working with a professional moving service in Bloomingdale, IL, can ease the relocation process and ensure a seamless transition into this welcoming suburb—visit 2 Guys and a Van to explore moving options and start your move today.