Housing costs in Concord?
A typical home costs
$126,100, which is 62.7% less expensive than the national average of
$338,100 and 47.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Concord costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 57.5% cheaper than the state average of
$1,260.
Can I afford Concord?
To live comfortably in Concord, Illinois, a minimum annual income of
$24,120 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Concord?
Living in Concord, IL can be quite affordable. The cost of living index is just slightly below the national average at 90.6, making it a good choice for those looking for a budget-friendly lifestyle. Housing costs in Concord are relatively low with the median home value as of 2020 being around $115,000 and median monthly rent at $780 per month. Utilities are also quite reasonable, with estimated costs at around 8–10% less than the national average. For groceries, you can expect to pay about 10% less than the national average while transportation costs are about the same as other areas. Overall, Concord offers plenty of affordability for those on a budget.