Loami, IL Cost of Living


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Loami cost of living score
78.4
Less expensive
21.6% lower
than the US average
16.3% lower
than the Illinois average
Loami, Illinois gets a BestPlaces Cost of Living score of 78.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.6% lower than the U.S. average and 16.3% higher than the average for Illinois.

Loami, IL

Housing costs in Loami?
A typical home costs $159,300, which is 52.9% less expensive than the national average of $338,100 and 34.1% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Loami costs $820 per month, which is 42.7% cheaper than the national average of $1,430 and 53.7% cheaper than the state average of $1,260.

Can I afford Loami?
To live comfortably in Loami, Illinois, a minimum annual income of $30,600 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Loami?
The cost of living in Loami, IL is relatively low compared to the national average. The median home price in Loami is estimated to be around $105,000, which is much lower than the average cost for a home across the United States. Groceries and other essentials are also reasonably priced in Loami, as well as medical services and transportation costs. With its close proximity to Springfield, IL, residents of Loami have access to additional entertainment and shopping opportunities at reasonable prices. All in all, Loami offers a good quality of life at an affordable price.
   Cost of living score
     CategoriesLoamiIllinoisUnited States
  78.493.7100.0
  9494100
  111.896.9100.0
  50.880.2100.0
  $159,300$241,700$338,100
  98.5%97.7%100.0%
  73.0106.2100.0
  133.8107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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