Housing costs in Farmington?
A typical home costs
$99,300, which is 70.6% less expensive than the national average of
$338,100 and 58.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Farmington costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 34.0% cheaper than the state average of
$1,260.
Can I afford Farmington?
To live comfortably in Farmington, Illinois, a minimum annual income of
$19,080 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Farmington?
Farmington, IL is an affordable place to live. The cost of living is slightly below the national average, making it an attractive option for those looking to settle down in a rural area. The median home price is around $147,000 and the median monthly housing costs are around $845. Additionally, groceries and other necessities are much lower in Farmington than in other parts of the state or nation. Overall, Farmington offers a great quality of life at an inexpensive cost.