Housing costs in Medora?
A typical home costs
$78,500, which is 76.8% less expensive than the national average of
$338,100 and 67.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Medora costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Medora?
To live comfortably in Medora, Illinois, a minimum annual income of
$15,120 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Medora?
The cost of living in Medora, IL is quite low. The median home value is around $74,400 and median rental prices are as low as $650 a month. The average price for groceries and other goods is below the national average, making it a great spot for anyone looking to save money. Additionally, there are no sales or income taxes in Illinois, so shopping in Medora can mean big savings. Utility costs also tend to be lower than the national average due to the numerous energy efficiency initiatives implemented by local government officials. All of this makes Medora an attractive place to live for individuals on a budget who want a quality standard of living without breaking the bank.