Housing costs in Grand Ridge?
A typical home costs
$154,700, which is 54.2% less expensive than the national average of
$338,100 and 36.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Grand Ridge costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 41.6% cheaper than the state average of
$1,260.
Can I afford Grand Ridge?
To live comfortably in Grand Ridge, Illinois, a minimum annual income of
$29,520 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Grand Ridge?
The cost of living in Grand Ridge, IL is quite reasonable compared to many other areas in the United States. The median household income is slightly above the national average and the median home value is just under $100,000. The unemployment rate in this area is low and the cost of groceries and utilities are also relatively low. There are also plenty of affordable housing options available including both single family homes and multi-family apartments that residents can choose from. All of these factors make Grand Ridge an attractive option for those looking for a place to call home without breaking the bank.