Bingham, IL Cost of Living


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United States / Illinois / No Metro Area / Fayette County / Bingham / Zip Codes

Bingham cost of living score
72.8
Less expensive
27.2% lower
than the US average
22.3% lower
than the Illinois average
Bingham, Illinois gets a BestPlaces Cost of Living score of 72.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.2% lower than the U.S. average and 22.3% higher than the average for Illinois.

Bingham, IL

Housing costs in Bingham?
A typical home costs $42,300, which is 87.5% less expensive than the national average of $338,100 and 82.5% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Bingham costs $680 per month, which is 52.4% cheaper than the national average of $1,430 and 85.3% cheaper than the state average of $1,260.

Can I afford Bingham?
To live comfortably in Bingham, Illinois, a minimum annual income of $8,280 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Bingham?
Bingham, IL is a small town with a surprisingly low cost of living. Groceries, housing, and transportation are all quite affordable in comparison to other towns in the area. The median home price is $95,000, which is far lower than the national average of $200,000. Additionally, groceries and transportation tend to be cheaper too. In general, Bingham has an excellent balance between having modern amenities and keeping prices relatively low.
   Cost of living score
     CategoriesBinghamIllinoisUnited States
  72.893.7100.0
  96.194100
  128.596.9100.0
  24.680.2100.0
  $42,300$241,700$338,100
  98.5%97.7%100.0%
  72.0106.2100.0
  87.9107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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