Housing costs in Homer?
A typical home costs
$143,200, which is 57.6% less expensive than the national average of
$338,100 and 40.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Homer costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 43.2% cheaper than the state average of
$1,260.
Can I afford Homer?
To live comfortably in Homer, Illinois, a minimum annual income of
$27,360 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in Homer, IL is relatively low compared to other parts of the country. The median home value is just over $100,000, and rental rates are also quite affordable. Groceries and other essentials are also quite affordable. Taxes are generally lower than the national average, and there are no state income taxes. All these factors make Homer a great place to live if you're looking for an affordable place to call home.