Housing costs in Franklin Grove?
A typical home costs
$135,500, which is 59.9% less expensive than the national average of
$338,100 and 43.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Franklin Grove costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 57.5% cheaper than the state average of
$1,260.
Can I afford Franklin Grove?
To live comfortably in Franklin Grove, Illinois, a minimum annual income of
$25,920 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Franklin Grove?
Franklin Grove, IL has an affordable cost of living. According to Best Places, the overall cost of living index for Franklin Grove is 86.7, which is 14.3% lower than the U.S average. This means that day-to-day expenses such as groceries and transportation costs are relatively inexpensive when compared to other cities. Additionally, housing costs in Franklin Grove are also quite low with a median home price of $106,600 – well below the national average of $216,200. All of these factors make Franklin Grove an attractive place to live for those looking for a city with a low cost of living.