Housing costs in Grafton?
A typical home costs
$212,600, which is 37.1% less expensive than the national average of
$338,100 and 12.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Grafton costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 50.0% cheaper than the state average of
$1,260.
Can I afford Grafton?
To live comfortably in Grafton, Illinois, a minimum annual income of
$40,680 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Grafton?
The cost of living in Grafton, IL is relatively low compared to many other cities in the U.S. According to BestPlaces.net, the overall cost of living index for Grafton is 83.9, which is 17% lower than the national average. Additionally, housing costs are even lower with an index rating of 63.1, making Grafton an attractive option for anyone looking to move to a new city at a more affordable price range. The median home value in Grafton is $117,300 and the median household income is $48,795 so it’s easy to see why so many people are drawn to this small town in Illinois as an ideal place to call home.