Housing costs in Monmouth?
A typical home costs
$85,800, which is 74.6% less expensive than the national average of
$338,100 and 64.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Monmouth costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Monmouth?
To live comfortably in Monmouth, Illinois, a minimum annual income of
$16,560 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Monmouth?
The cost of living in Monmouth, IL is fairly affordable. The average cost of a home is around $78,200, which is a little lower than the national average. The median household income is slightly lower than the national average at $43,927. The overall cost of living index for Monmouth is 82.1, which is much lower than the national average of 100. It costs about $3.33 to buy a gallon of gas and food costs are about 8 percent below the national average. Utility bills are also relatively low compared to other areas in the country. All in all, Monmouth provides its residents with an affordable and comfortable lifestyle at a fraction of the price compared to many other cities across America.