Housing costs in Rankin?
A typical home costs
$65,500, which is 80.6% less expensive than the national average of
$338,100 and 72.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Rankin 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 Rankin?
To live comfortably in Rankin, Illinois, a minimum annual income of
$12,600 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Rankin?
The cost of living in Rankin, IL is quite affordable. The median household income is $46,000, which is well below the national median of $61,000. Additionally, the cost of housing in Rankin is much lower than most cities in the United States. The median home value is only $55,400 and the average rent rate for a two-bedroom apartment is just over $600 per month. This makes Rankin an attractive option for those looking to live comfortably while keeping their monthly expenses low. With its mild climate and access to outdoor activities and amenities such as golf courses and lakes, Rankin proves to be an ideal location for those looking to enjoy a laid-back lifestyle without breaking the bank.