Housing costs in Eldred?
A typical home costs
$72,000, which is 78.7% less expensive than the national average of
$338,100 and 70.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Eldred costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Eldred?
To live comfortably in Eldred, Illinois, a minimum annual income of
$13,680 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Eldred?
The cost of living in Eldred, IL is relatively low compared to other parts of the state. The average household income is just over $38,000 and the median home price is around $93,000. Groceries, healthcare, transportation costs and utilities are all more affordable than in other areas of Illinois. Additionally, housing expenses tend to be lower due to the rural nature of Eldred. Property taxes are a bit higher than elsewhere in the state but still manageable for those looking for an affordable place to call home.