Housing costs in Lincoln?
A typical home costs
$104,800, which is 69.0% less expensive than the national average of
$338,100 and 56.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lincoln costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Lincoln?
To live comfortably in Lincoln, Illinois, a minimum annual income of
$20,160 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in Lincoln, IL is fairly affordable compared to other parts of the country. Housing costs in particular are particularly attractive, with an average cost of a two-bedroom apartment costing only around $650 per month. Food costs and transportation costs are also affordable, with the local grocery store offering quality products at very reasonable prices and public transportation options being limited but available. Overall, living in Lincoln, IL can provide its residents with a comfortable lifestyle on an economical budget.