Housing costs in New Minden?
A typical home costs
$88,700, which is 73.8% less expensive than the national average of
$338,100 and 63.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in New Minden costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 50.0% cheaper than the state average of
$1,260.
Can I afford New Minden?
To live comfortably in New Minden, Illinois, a minimum annual income of
$16,920 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about New Minden?
New Minden, IL has a very affordable cost of living. The median home price is just over $90,000, and the cost of living index is 9% lower than the national average. Additionally, utility costs are significantly below the national average, making this an excellent place to live. Taxes in New Minden are relatively low as well, with property taxes on a median-priced home costing only around $1,150 annually. Overall, New Minden is an excellent choice for those looking for an affordable place to live without sacrificing quality of life.