Housing costs in Gibson City?
A typical home costs
$141,300, which is 58.2% less expensive than the national average of
$338,100 and 41.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Gibson City costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 37.0% cheaper than the state average of
$1,260.
Can I afford Gibson City?
To live comfortably in Gibson City, Illinois, a minimum annual income of
$27,000 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Gibson City?
The cost of living in Gibson City, IL is fairly average compared to the rest of the country. The median home value in Gibson City is just over $83,000 and the median household income is around $47,400. With that being said, the cost of living in Gibson City is quite affordable for individuals and families alike. Groceries are relatively inexpensive and the taxes on goods and services are quite reasonable. Housing prices tend to be lower than other areas due to its small population size and overall rural nature. In addition, utility rates tend to be lower due to competition among local providers in the area. Overall, Gibson City offers an affordable lifestyle with access to a variety of amenities that make it a pleasant place to live.