Housing costs in Pearl?
A typical home costs
$65,300, which is 80.7% less expensive than the national average of
$338,100 and 73.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Pearl costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 82.6% cheaper than the state average of
$1,260.
Can I afford Pearl?
To live comfortably in Pearl, Illinois, a minimum annual income of
$12,600 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about Pearl?
The cost of living in Pearl, IL is relatively low compared to the national average. According to BestPlaces, Pearl's cost of living index score is 79.35, which is about 20 points lower than the U.S. average of 100. The housing market in the area is affordable with median home value being around $100,000 and median rent price at approximately $650 per month for a one-bedroom apartment. Basic groceries and services are reasonably priced and there are several low-cost restaurants and stores throughout the city as well. Overall, living in Pearl, IL can be quite economical if you take advantage of the competitive prices in the area.