Housing costs in Loves Park?
A typical home costs
$155,100, which is 54.1% less expensive than the national average of
$338,100 and 35.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Loves Park costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 24.8% cheaper than the state average of
$1,260.
Can I afford Loves Park?
To live comfortably in Loves Park, Illinois, a minimum annual income of
$29,880 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Loves Park?
The cost of living in Loves Park, IL is generally quite reasonable. The state has no income tax, leading to lower overall taxes than many other states. Additionally, the median home price in Loves Park is just $112,000, which is significantly lower than the U.S. average of $229,700. Renting a one-bedroom apartment typically costs between $650 and $850 per month depending on location and amenities. Other common expenses like groceries and utilities are also often lower than the national average. Overall, Loves Park is an affordable city with plenty of amenities for residents to enjoy.