Housing costs in Mineral?
A typical home costs
$68,000, which is 79.9% less expensive than the national average of
$338,100 and 71.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mineral costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 37.0% cheaper than the state average of
$1,260.
Can I afford Mineral?
To live comfortably in Mineral, Illinois, a minimum annual income of
$12,960 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Mineral?
The cost of living in Mineral, IL is fairly affordable compared to other areas in the United States. The median home cost is around $116,000, which is much lower than the national average of $231,200. Cost of living expenses including groceries, health care and utilities are also quite reasonable. Additionally, Mineral offers several tax incentives for businesses which can help to keep costs low for residents. All in all, Mineral is a great place to live with a lower cost of living than many other places in the U.S., making it an attractive option for those looking to relocate or start up a business.