Costs New Lenox, IL

New Lenox, IL is a great place to live for many reasons. One of the most important factors in deciding to move here is the cost of living. The overall cost of living in New Lenox is fairly low compared to other parts of the state and country. The median home price in New Lenox is $194,000, which is significantly lower than other nearby towns. Additionally, rental prices are relatively reasonable, with an average monthly rent of $1,350. Property taxes are also relatively low at just 1% of assessed value. Other essential expenses such as food and utilities also tend to be more affordable than other areas. All these factors make New Lenox a great option for those looking for a high-quality lifestyle without breaking the bank.