Housing costs in Ferris?
A typical home costs
$78,100, which is 76.9% less expensive than the national average of
$338,100 and 67.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Ferris costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,260.
Can I afford Ferris?
To live comfortably in Ferris, Illinois, a minimum annual income of
$15,120 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Ferris?
Ferris, IL is a relatively affordable place to live when compared with most other cities in the United States. The average cost of living is 10% lower than the national average and nearly 12% lower than the Illinois state average. Housing is particularly affordable, with the median home value being about 27% lower than the national average. While food expenses are slightly higher than most places, utilities are very inexpensive due to Ferris' relatively low taxes and competitive electricity rates. All in all, Ferris is an attractive option for those looking for an affordable place to call home.