Housing costs in New Grand Chain?
A typical home costs
$58,500, which is 82.7% less expensive than the national average of
$338,100 and 75.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in New Grand Chain costs
$650 per month, which is 54.5% cheaper than the national average of
$1,430 and 93.8% cheaper than the state average of
$1,260.
Can I afford New Grand Chain?
To live comfortably in New Grand Chain, Illinois, a minimum annual income of
$11,160 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about New Grand Chain?
The cost of living in New Grand Chain, IL is quite reasonable. The median home price is just shy of $100,000 with the majority of homes falling within the $80,000 to $120,000 range. Renting a one bedroom apartment will typically cost around $650 a month while utilities are relatively low compared to other parts of the country. Additionally, groceries are reasonably priced with food staples costing only a few dollars each. With such an affordable cost of living, it’s no wonder why so many people have chosen to make New Grand Chain their home.