Genoa, IL Cost of Living


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Genoa cost of living score
88.3
Less expensive
11.7% lower
than the US average
5.8% lower
than the Illinois average
Genoa, Illinois gets a BestPlaces Cost of Living score of 88.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.7% lower than the U.S. average and 5.8% higher than the average for Illinois.

Genoa, IL

Housing costs in Genoa?
A typical home costs $222,800, which is 34.1% less expensive than the national average of $338,100 and 7.8% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Genoa costs $1,110 per month, which is 22.4% cheaper than the national average of $1,430 and 13.5% cheaper than the state average of $1,260.

Can I afford Genoa?
To live comfortably in Genoa, Illinois, a minimum annual income of $42,840 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Genoa?
The cost of living in Genoa, IL is quite reasonable compared to other cities in the United States. The median home value is around $139,900, which is lower than the national average of $184,700. This makes Genoa a great option for people looking for an affordable place to live. Additionally, the median monthly rent for a one-bedroom apartment is around $715 - slightly below the national average of $949 per month. Furthermore, groceries and healthcare are also moderately priced with prices being just above the national average. All these factors make Genoa a great place to live while still keeping costs low.
   Cost of living score
     CategoriesGenoaIllinoisUnited States
  88.393.7100.0
  97.894100
  124.496.9100.0
  71.380.2100.0
  $222,800$241,700$338,100
  99.2%97.7%100.0%
  93.9106.2100.0
  133.7107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Genoa
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Over 15 years ago

Living in Genoa my whole life, I can truely appreciate the area. Although voted "first to move out of Genoa" in highschool, I quickly changed my mind when I had a  More

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