Housing costs in Urbana?
A typical home costs
$159,400, which is 52.9% less expensive than the national average of
$338,100 and 34.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Urbana costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 24.8% cheaper than the state average of
$1,260.
Can I afford Urbana?
To live comfortably in Urbana, Illinois, a minimum annual income of
$30,600 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Urbana?
The cost of living in Urbana, IL is quite reasonable. According to BestPlaces, the cost of living index in Urbana is 77.87, making it about 22% lower than the US average of 100. The cost of housing is particularly low, with rent for a one-bedroom apartment averaging $726 per month and a three-bedroom house coming in around just $1,130 per month. Groceries are also affordable, with an average basic grocery basket costing only $100 per month. Despite its low cost of living, Urbana offers a high quality of life, with access to plenty of cultural and recreational activities to enjoy throughout the year.