Housing costs in Anchor?
A typical home costs
$119,900, which is 64.5% less expensive than the national average of
$338,100 and 50.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Anchor costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 23.5% cheaper than the state average of
$1,260.
Can I afford Anchor?
To live comfortably in Anchor, Illinois, a minimum annual income of
$23,040 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Anchor?
The cost of living in Anchor, IL is quite reasonable compared to many other cities in the United States. According to BestPlaces's Cost of Living Index, the cost of living in Anchor is 2% lower than the national average, while housing costs are 22% lower than the national average. These figures make Anchor an attractive option for those looking for a more affordable alternative to larger cities. The median home price is lower than the national median at $141,400 and rent is also slightly lower with a median rental rate of $834 per month. Overall, Anchor offers a very reasonable cost of living that makes it an accessible option for individuals and families.