Housing costs in Ransom?
A typical home costs
$129,100, which is 61.8% less expensive than the national average of
$338,100 and 46.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Ransom costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 5.0% cheaper than the state average of
$1,260.
Can I afford Ransom?
To live comfortably in Ransom, Illinois, a minimum annual income of
$24,840 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Ransom?
The cost of living in Ransom, IL is relatively affordable. According to Sperling’s Best Places, the cost of living in Ransom is 12% lower than the U.S. average. The median home value in Ransom is around $90,000, and monthly rent averages just under $700 a month. Groceries are also reasonably priced, with prices averaging 7% lower than the national average. Taxes are slightly higher than average at 9%, but overall, the cost of living in Ransom is well below the national average.