Typical Utility Costs in Chicago

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If you live in the Chicago area, your utility costs for electricity and natural gas run above and below the national average respectively. Chicagoans enjoy a lower rate compared to other U.S. consumers when it comes to their heating costs and pay around 8% more than other consumers in the U.S. for electricity.

Electricity – An Expensive Utility

Commonwealth Edison (ComEd) is the major supplier of electricity in the Chicagoland area. As stated, if you live in the city of Chicago or surrounding suburbs, expect to pay more for this utility. As an average, rates hover around $100 for each month of usage during the year. Although it’s typically a tendency in the U.S. for electricity costs to move upward for a certain length of time, the electricity costs in Chicago have exceeded this national trend since the beginning of 2007. To conserve energy, when using electricity then, experts advise turning appliances off when they’re not in use and making sure major appliances, such as stoves or refrigerators, are tagged with the Energy Star label. Because stoves and refrigerators consume around 30% of the energy in an apartment, noting their energy use is a good place to start in lowering the cost of electricity.

Natural Gas – You’ll Pay Less for this Utility in Chicago

While electricity costs are generally higher than what you’d pay elsewhere, residents in Chicago enjoy lower rates for natural gas. According to the Consumer Price Index (CPI), Chicagoans paid almost 25% less than the rest of the country in December 2009. In fact, for the last five years, Peoples Energy, the supplier of natural gas in the Chicago area, has provided gas for Chicagoans at a lower price than what other people are paying for the utility nationwide.

High Speed Internet Access – It’s Reasonable in Chicago

To go online in Chicago will not cause you too much hardship cost wise as residents in the city pay about $38 per month on average for high speed Internet.

Telephone Usage – Weigh Your Options

The main telecommunications supplier for landline phones in Chicago is the Illinois Telephone Corporation. However, you do have other options when it comes to reducing your phone bill as there are other competitors that supply the same type of service. Telephone costs typically span between $30.00 to $43.00 per month. Therefore, instead of a landline phone, you may want to consider using a cell phone as your main phone. By foregoing the landline, you can save almost $500 per year.

Cable Costs – A Small yet High Price to Pay for Home Entertainment

Although cable can be expensive in the Chicago area (around $60 per month on average), it’s still a small price to pay for home entertainment when you compare it with other entertainment options, such as movies, concerts, restaurants and sporting events.

Keep in mind that around 60% of the energy used in your apartment is for cooling and heating. Therefore, make sure you set your thermostat properly to make the most of the energy you use. In the warmer months, set the thermostat at about 78 degrees Fahrenheit and keep it at around 60 degrees Fahrenheit in the colder seasons of the year. Whether you currently live in Chicago or plan to move there, keep these tips in mind to lower your overall costs.

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4 Responses to “Typical Utility Costs in Chicago”

  1. April 02, 2012 at 6:30 pm, Max said:

    We own a home in Chicago and one in Algonquin. Our water bill in Chicago is $175 for two months. In Algonquin for the same size building and number of tenants it is only $25. Our gas bill in Chicago for a super cold February is $800 in Algonquin it is $225. Our electric bill is also higher in Chicago. What was stated above is a fantasy.

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  2. May 28, 2012 at 8:30 pm, Jeff A said:

    We need to get rid of this mayor Emanual and the corrupt Democrats. We need to end the natural gas tax the city can get away with on charging the residents.

    Since Democrats never know how make a balanced budget, I only see our taxes going up with the Democrats. Higher parking taxes and now the sugar tax of 12.25% Europe doesn’t even have this ridiculousness of a tax on food and beverage.

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  3. September 11, 2012 at 2:13 pm, Lynn said:

    I have a split level house in Skokie. It’s 1650 sf plus another 800 sf in the basement. Low ceilings. We have a new AC and new furnace. So far electric bill has been $45-75 (75 is for the month of July when the AC was constantly on, set to 75 degrees). Gas bill (moderate amount of cooking) was $60 avg per month but last winter was quite warm so it may be higher if we have a cold winter. New energy efficient HVAC makes a huge difference. I have a friend who lives in a 1 br condo and he pays $100-150 a month in gas (heating) and $150 for electric.

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  4. May 06, 2013 at 1:35 pm, Diane said:

    The gas and electricity is a little more than doubled in Chicago than it is in the suburbs outside of the city. Utilities there are not cheap what so ever. But, it’s a good place to work when your in business or things related to that. If your ever planning on moving to Chicago make sure you compare your bills from where your currently living to the city cost.

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