Housing costs in Lovington?
A typical home costs
$102,900, which is 69.6% less expensive than the national average of
$338,100 and 57.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lovington costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Lovington?
To live comfortably in Lovington, Illinois, a minimum annual income of
$19,800 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Lovington?
Lovington, IL has a relatively low cost of living compared to the national average. The median home value in Lovington is $89,500, which is significantly lower than the national median of $231,200. Additionally, the overall cost of living index in Lovington is 79.4, which is about 20 points lower than the national average. Residents looking for an affordable place to call home can find it in Lovington. In addition to its low home values and cost of living index, other factors like food costs and transportation costs are also quite affordable when compared to other similar cities across the country. All things considered, Lovington is an ideal place to call home for those looking for a more budget-friendly lifestyle.