Housing costs in Machesney Park?
A typical home costs
$148,200, which is 56.2% less expensive than the national average of
$338,100 and 38.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Machesney Park costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 17.8% cheaper than the state average of
$1,260.
Can I afford Machesney Park?
To live comfortably in Machesney Park, Illinois, a minimum annual income of
$28,440 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Machesney Park?
Machesney Park, IL is an affordable place to live, with a cost of living index that is below the national average. The median home price is around $123,000, making it much more affordable than many other areas in the country. Additionally, the utility costs are very low and basic items such as food and clothing are quite reasonably priced. Transportation costs are also relatively low due to the local public transit system which serves Machesney Park and its surrounding areas. All in all, living in Machesney Park can be an economical decision for those who want to call this area home.