Housing costs in Minonk?
A typical home costs
$114,600, which is 66.1% less expensive than the national average of
$338,100 and 52.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Minonk costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 38.5% cheaper than the state average of
$1,260.
Can I afford Minonk?
To live comfortably in Minonk, Illinois, a minimum annual income of
$21,960 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Minonk?
The cost of living in Minonk, IL is quite affordable, with a median home value of $82,100 and average rent costs of just over $600 per month. Residents can also benefit from the low sales tax rate of 6.75%, as well as the availability of several grocery stores at reasonable prices. The overall cost of living in Minonk is much lower than in larger cities nearby, making it an attractive option for those who are budget-conscious or want to save money.