Housing costs in Bellwood?
A typical home costs
$211,100, which is 37.6% less expensive than the national average of
$338,100 and 12.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Bellwood costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford Bellwood?
To live comfortably in Bellwood, Illinois, a minimum annual income of
$40,320 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Bellwood?
Bellwood, IL has an average cost of living that is slightly above the national average. This is due to the fact that housing costs are substantially higher than the national average. Additionally, transportation costs in Bellwood are significantly higher than other places throughout Illinois. Food prices are also higher than the national average due to a lack of variety and competition. However, compared to other cities in the same area, Bellwood does offer some of the best deals on many everyday items. Overall, while Bellwood's cost of living may be slightly more expensive than other areas of Illinois, it still offers a good balance between affordability and quality.