Housing costs in Glenwood?
A typical home costs
$192,200, which is 43.2% less expensive than the national average of
$338,100 and 20.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Glenwood costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and 27.2% more than the state average of
$1,260.
Can I afford Glenwood?
To live comfortably in Glenwood, Illinois, a minimum annual income of
$36,720 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Glenwood?
The cost of living in Glenwood, IL is relatively low. Although the median home value is slightly higher than the national average, overall housing costs, transportation costs, and grocery expenses remain lower than average. The area also experiences a low-cost rate of living inflation making it more affordable to live there than most other towns in the state. This makes Glenwood an excellent option for individuals looking to save money without compromising on quality of life.