Housing costs in Lake Petersburg?
A typical home costs
$292,300, which is 13.5% less expensive than the national average of
$338,100 and 20.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lake Petersburg 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 Lake Petersburg?
To live comfortably in Lake Petersburg, Illinois, a minimum annual income of
$56,160 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Lake Petersburg?
The cost of living in Lake Petersburg, IL is relatively low compared to many other cities in the Midwest. The average cost of a home is significantly lower than the national average, with prices ranging from around $100,000 to $400,000. Groceries are also cheaper than in other cities and the overall cost of living is below average. Utilities are reasonably priced and residents enjoy a good quality of life for an affordable price.