Housing costs in German Valley?
A typical home costs
$162,600, which is 51.9% less expensive than the national average of
$338,100 and 32.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in German Valley costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 29.9% cheaper than the state average of
$1,260.
Can I afford German Valley?
To live comfortably in German Valley, Illinois, a minimum annual income of
$31,320 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about German Valley?
The cost of living in German Valley, IL is quite reasonable. The median list price for homes in the area is around $150,000 and the median household income is just over $56,000. This makes German Valley an attractive option for those looking to move to a smaller community with a lower cost of living. Additionally, the city’s tax rate on sales and services is favorable compared to other cities in Illinois. With a low cost of living combined with a growing economy, German Valley offers its residents ample opportunities to achieve financial stability and security while maintaining a comfortable quality of life.