Housing costs in Newman?
A typical home costs
$90,300, which is 73.3% less expensive than the national average of
$338,100 and 62.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Newman costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 72.6% cheaper than the state average of
$1,260.
Can I afford Newman?
To live comfortably in Newman, Illinois, a minimum annual income of
$17,280 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Newman?
The cost of living in Newman, IL is generally quite reasonable. The median home value in the area is $50,600, which is lower than the state average of $197,400. Additionally, the median monthly rent for a two-bedroom apartment is $695, and it's estimated that families would need an annual income of approximately $25,000 to live comfortably in Newman. Groceries, health care costs and transportation are also lower than the state average, making Newman an attractive place to settle down.