Housing costs in Galena?
A typical home costs
$248,300, which is 26.6% less expensive than the national average of
$338,100 and 2.7% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Galena costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 61.5% cheaper than the state average of
$1,260.
Can I afford Galena?
To live comfortably in Galena, Illinois, a minimum annual income of
$47,520 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Galena?
Galena, IL is a small town located in the northwestern corner of Illinois. Despite its size, the cost of living here is surprisingly affordable. According to Best Places to Live, the cost of living index for Galena is 81.1, making it much lower than the national average of 100. Housing costs, in particular, are significantly lower than most places in the country. The median home cost in Galena is just $141,500 compared to a national median of $231,200. Property taxes are also quite low; with an effective rate of 1.23%, they are far below the national average of 1.07%. In addition to housing costs being very reasonable, general expenses like groceries and health care are also quite affordable in Galena. All in all, this makes it an attractive option for those looking for a low-cost place to call home.