Housing costs in Mahomet?
A typical home costs
$288,000, which is 14.8% less expensive than the national average of
$338,100 and 19.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mahomet costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 6.8% cheaper than the state average of
$1,260.
Can I afford Mahomet?
To live comfortably in Mahomet, Illinois, a minimum annual income of
$55,080 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Mahomet?
The cost of living in Mahomet, IL is quite reasonable. According to the most recent data from Best Places, the cost of living index is 88.3, which is 12.7% lower than the US average. Housing costs are also relatively low, with a median home value of $183,000 and a median rent of $1,009 per month. Groceries, utilities, and transportation costs are all below the national average as well. All in all, Mahomet offers an affordable lifestyle compared to other areas in the state and across the country.