Housing costs in Lansing?
A typical home costs
$175,800, which is 48.0% less expensive than the national average of
$338,100 and 27.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lansing costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford Lansing?
To live comfortably in Lansing, Illinois, a minimum annual income of
$33,840 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Lansing?
Living in Lansing, IL is fairly affordable. The cost of living index is around 98.6, which is slightly below the national average of 100. Housing costs in Lansing are also quite reasonable, with the median home price resting around $200,000 and rental prices ranging from about $800 to $1300 a month for a two-bedroom apartment or house. Groceries are also fairly inexpensive here, with an average grocery bill coming in at around $400 per month for most families. Overall, Lansing is an affordable place to live and maintain a comfortable lifestyle without breaking the bank.