Arcola, IL Cost of Living


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United States / Illinois / No Metro Area / Douglas County / Arcola / Zip Codes

Arcola cost of living score
73.9
Less expensive
26.1% lower
than the US average
21.1% lower
than the Illinois average
Arcola, Illinois gets a BestPlaces Cost of Living score of 73.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.1% lower than the U.S. average and 21.1% higher than the average for Illinois.

Arcola, IL

Housing costs in Arcola?
A typical home costs $138,600, which is 59.0% less expensive than the national average of $338,100 and 42.7% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Arcola costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 48.2% cheaper than the state average of $1,260.

Can I afford Arcola?
To live comfortably in Arcola, Illinois, a minimum annual income of $26,640 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Arcola?
The cost of living in Arcola, IL is quite low compared to the rest of the country. The median household income is about $35,000 per year, and the unemployment rate is around 3.2%. Housing prices are also very reasonable, with the median home value being around $81,000. This means that even if you do not make a lot of money, you can still find affordable housing in Arcola. Additionally, groceries are relatively cheap in Arcola as well. All these factors combined make it a great place to live and raise a family without having to worry too much about finances.
   Cost of living score
     CategoriesArcolaIllinoisUnited States
  73.993.7100.0
  93.494100
  111.496.9100.0
  37.880.2100.0
  $138,600$241,700$338,100
  97.5%97.7%100.0%
  64.6106.2100.0
  93.5107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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