Housing costs in Loda?
A typical home costs
$197,800, which is 41.5% less expensive than the national average of
$338,100 and 18.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Loda 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 Loda?
To live comfortably in Loda, Illinois, a minimum annual income of
$37,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Loda?
The cost of living in Loda, IL is relatively low compared to some other parts of the state and country. The median household income is $38,382 and the median home value stands at $68,300. This means that real estate prices are significantly lower than the national average, making it an attractive place for those looking to purchase a home in a small town setting. Additionally, the median rent price is just over $600 per month, which means that renting is also quite affordable in this area. With low housing costs and a relatively low cost of groceries and other goods, residents of Loda can live comfortably on a budget without sacrificing too much in terms of quality of life.