Housing costs in Peru?
A typical home costs
$143,300, which is 57.6% less expensive than the national average of
$338,100 and 40.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peru costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 40.0% cheaper than the state average of
$1,260.
Can I afford Peru?
To live comfortably in Peru, Illinois, a minimum annual income of
$27,360 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Peru?
The cost of living in Peru, IL is generally lower than the national average. The median home value in Peru is $98,200, which is significantly lower than the US median home value of $231,200. Renters here pay a median of $578 per month for a two bedroom apartment, much less than the national median rent of $960. Groceries and other necessities tend to be less expensive than in other parts of the country as well. Overall, Peru has reasonably priced housing and goods that make it an attractive option for those looking for an affordable place to live.