Edgewood, IL Cost of Living


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Edgewood cost of living score
78.7
Less expensive
21.3% lower
than the US average
16.0% lower
than the Illinois average
Edgewood, Illinois gets a BestPlaces Cost of Living score of 78.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.3% lower than the U.S. average and 16.0% higher than the average for Illinois.

Edgewood, IL

Housing costs in Edgewood?
A typical home costs $82,400, which is 75.6% less expensive than the national average of $338,100 and 65.9% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Edgewood 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 Edgewood?
To live comfortably in Edgewood, Illinois, a minimum annual income of $15,840 for a family, and $21,200 for a single person is recommended.

What does A.I. say about Edgewood?
Edgewood, IL is an affordable place to live. The cost of living in the city is around 10% lower than the national average, making it a great option for people looking to save money. Additionally, housing costs are much lower than those found in other nearby cities and towns. Renting an apartment or house averages around $750 per month, while buying a home will typically run you from $175,000 to $200,000. Groceries also tend to be cheaper here than elsewhere due to the large number of family-owned stores and farmers markets in the area. All in all, Edgewood is a fantastic place to call home due to its low cost of living options.
   Cost of living score
     CategoriesEdgewoodIllinoisUnited States
  78.793.7100.0
  91.194100
  126.096.9100.0
  22.080.2100.0
  $82,400$241,700$338,100
  97.8%97.7%100.0%
  63.9106.2100.0
  117.7107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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