Housing costs in Frankfort?
A typical home costs
$400,700, which is 18.5% more expensive than the national average of
$338,100 and 65.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Frankfort costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 21.7% more than the state average of
$1,260.
Can I afford Frankfort?
To live comfortably in Frankfort, Illinois, a minimum annual income of
$76,680 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Frankfort?
Frankfort, IL is known for its high quality of life and affordable cost of living. According to Best Places, the cost of living in Frankfort is 14% lower than the average in the United States. The median home value is $237,100 which is much lower than other cities across Illinois. In addition, the average price for a three-bedroom house is just over $200,000 which makes it an attractive place to live for many people. The grocery and utility prices are also very affordable, making everyday expenses manageable and allowing more money in your pocket at the end of the month. With all these factors combined, Frankfort has become an ideal place to live with a great balance between quality and affordability.