Housing costs in Panola?
A typical home costs
$141,400, which is 58.2% less expensive than the national average of
$338,100 and 41.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Panola costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 37.0% cheaper than the state average of
$1,260.
Can I afford Panola?
To live comfortably in Panola, Illinois, a minimum annual income of
$27,000 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Panola?
The cost of living in Panola, IL is relatively low compared to other parts of the country. The median home price is about $75,000 and the median rent for a one-bedroom apartment is around $500. Groceries and utilities are also quite low with a gallon of milk costing just over $2 and electricity at an average rate of 10 cents per kilowatt hour. It's easy to stretch your budget in Panola, IL with far less than the national average being spent on housing, food, and energy costs.