Housing costs in Cerro Gordo?
A typical home costs
$105,700, which is 68.7% less expensive than the national average of
$338,100 and 56.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Cerro Gordo costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 43.2% cheaper than the state average of
$1,260.
Can I afford Cerro Gordo?
To live comfortably in Cerro Gordo, Illinois, a minimum annual income of
$20,160 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Cerro Gordo?
The cost of living in Cerro Gordo, IL is quite affordable. According to the most recent data from the BestPlaces Bureau, the median household income is just over $40,000 and the median home value is around $87,000. This means that most people in this small town are able to enjoy a comfortable lifestyle with an income that would be considered low by national standards. Additionally, the cost of housing is quite affordable as well; rent for a one bedroom apartment averages around $500 per month. All in all, Cerro Gordo is a great place to live if you're looking for a peaceful and affordable lifestyle without sacrificing quality of life.