Housing costs in Belvidere?
A typical home costs
$191,100, which is 43.5% less expensive than the national average of
$338,100 and 20.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Belvidere 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 Belvidere?
To live comfortably in Belvidere, Illinois, a minimum annual income of
$36,720 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Belvidere?
Belvidere, IL has an affordable cost of living. According to Sperling's Best Places, it is around 7% lower than the national average. The median home cost in Belvidere is currently $123,400 which is significantly lower than the U.S. median of $184,700. Other costs such as utilities and groceries are also below the national average, making it a great place to call home. Overall, the cost of living in Belvidere is quite reasonable for those looking to relocate or purchase property.