Housing costs in Troy?
A typical home costs
$253,700, which is 25.0% less expensive than the national average of
$338,100 and 5.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Troy costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 35.5% cheaper than the state average of
$1,260.
Can I afford Troy?
To live comfortably in Troy, Illinois, a minimum annual income of
$48,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Troy?
The cost of living in Troy, IL is relatively low. Housing costs are generally affordable, and the median home price is around $139,000. Utilities are also reasonably priced due to the area's abundant natural resources. The overall cost of food and groceries is lower than the national average, making it a great place for those looking to save money on everyday expenses. Additionally, the city's tax rate is slightly lower than the state average, providing extra savings for those with steady employment in the area. All in all, Troy's low cost of living makes it an attractive option for those looking to live within a reasonable budget without sacrificing quality of life.