Housing costs in Hennepin?
A typical home costs
$179,100, which is 47.0% less expensive than the national average of
$338,100 and 25.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hennepin 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 Hennepin?
To live comfortably in Hennepin, Illinois, a minimum annual income of
$34,200 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Hennepin?
The cost of living in Hennepin, IL is quite affordable. According to a recent survey, the median housing costs in the city are well below the national average at approximately $838 per month, with utilities averaging around $140 per month. Other major periodic expenses like food and health care are also lower than the nationwide averages. All of this creates an environment where those looking to live comfortably on a budget can find plenty of options that are both affordable and desirable.