Melvin, IL Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Melvin cost of living score
74.4
Less expensive
25.6% lower
than the US average
20.6% lower
than the Illinois average
Melvin, Illinois gets a BestPlaces Cost of Living score of 74.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.6% lower than the U.S. average and 20.6% higher than the average for Illinois.

Melvin, IL

Housing costs in Melvin?
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 Melvin costs $720 per month, which is 49.7% cheaper than the national average of $1,430 and 75.0% cheaper than the state average of $1,260.

Can I afford Melvin?
To live comfortably in Melvin, Illinois, a minimum annual income of $15,120 for a family, and $22,000 for a single person is recommended.

What does A.I. say about Melvin?
The cost of living in Melvin, IL is relatively low compared to other areas in the United States. The median home price in Melvin is just over $100,000, making it an affordable place for many families and individuals. Additionally, groceries and other basic necessities are usually less expensive than the national average. Homeowners will benefit from the fact that property taxes are relatively low compared to other parts of the country; while rent may be slightly higher than surrounding areas, it is still very affordable. All of these factors make Melvin a great place for people looking to save money while still enjoying a high quality of life.
   Cost of living score
     CategoriesMelvinIllinoisUnited States
  74.493.7100.0
  90.994100
  110.896.9100.0
  18.680.2100.0
  $78,500$241,700$338,100
  101.1%97.7%100.0%
  81.1106.2100.0
  102.9107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Melvin, IL cost of living
Compare food, housing, utilities, and more in Melvin, Illinois to any other city in the US.