Housing costs in Lomax?
A typical home costs
$81,500, which is 75.9% less expensive than the national average of
$338,100 and 66.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lomax costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Lomax?
To live comfortably in Lomax, Illinois, a minimum annual income of
$15,480 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Lomax?
The cost of living in Lomax, IL is quite reasonable. Despite being a small town with a population of just over 1,000 people, the cost of groceries and basic necessities are comparable to those found in larger cities. In addition, housing costs are particularly attractive. The median home value is just over $100,000, which makes purchasing or renting significantly more affordable than in larger cities. With low unemployment rates and plenty of job opportunities available locally, the cost of living in Lomax makes it an attractive area for anyone looking to move to a rural town while still enjoying modern amenities.