Housing costs in Phoenix?
A typical home costs
$95,000, which is 71.9% less expensive than the national average of
$338,100 and 60.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Phoenix costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$1,260.
Can I afford Phoenix?
To live comfortably in Phoenix, Illinois, a minimum annual income of
$18,360 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Phoenix?
Phoenix, IL has a low cost of living compared to other parts of the country. The median home price is just $107,000, which is significantly lower than the national median. Rent in the city is also quite affordable with the average rent for a two-bedroom apartment coming in at around $807 per month. Utility costs are also relatively low, with most households spending an average of $114 per month on electricity and $62 per month on natural gas. Overall, Phoenix's cost of living makes it an attractive option for people looking to save money without sacrificing amenities or quality of life.