Housing costs in Arenzville?
A typical home costs
$134,000, which is 60.4% less expensive than the national average of
$338,100 and 44.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Arenzville costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Arenzville?
To live comfortably in Arenzville, Illinois, a minimum annual income of
$25,560 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Arenzville?
The cost of living in Arenzville, IL is quite affordable compared to many larger cities. The median home value is around $113,500, while the median monthly rent is roughly $754. Additionally, the overall cost of living index in Arenzville is approximately 85.6, which is slightly below the national average and significantly lower than major metropolitan areas. In terms of taxes, residents in Arenzville pay an effective rate of 6% on income up to $10,000 and 4.95% on income over $10,000. This rate compares favorably with the state's flat tax rate of 4.95%. Overall, Arenzville provides a great option for those looking for an affordable place to live with access to good amenities.