Housing costs in Elizabeth?
A typical home costs
$132,900, which is 60.7% less expensive than the national average of
$338,100 and 45.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Elizabeth costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 65.8% cheaper than the state average of
$1,260.
Can I afford Elizabeth?
To live comfortably in Elizabeth, Illinois, a minimum annual income of
$25,560 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Elizabeth?
The cost of living in Elizabeth, IL is relatively low compared to other parts of the country. According to recent surveys, the overall cost of living index in Elizabeth is just 82.1 (100 is the national average). This means that basic goods and services are generally cheaper here than in many other places. Housing costs are also very affordable, with median home prices coming in well below the national average at just $84,900. Even utilities tend to be lower than other places as well, making Elizabeth a great place to live for those on a budget.