Housing costs in Ridge Farm?
A typical home costs
$72,000, which is 78.7% less expensive than the national average of
$338,100 and 70.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Ridge Farm 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 Ridge Farm?
To live comfortably in Ridge Farm, Illinois, a minimum annual income of
$13,680 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Ridge Farm?
The cost of living in Ridge Farm, IL is quite reasonable. The median home price is around $130,000, and the median rent for a two-bedroom apartment is about $650 per month. Additionally, the unemployment rate for Ridge Farm sits at 3.9%, which is much lower than the national average. Other living expenses such as food and transportation are also quite affordable in this rural community. All these factors make Ridge Farm an attractive place to live on a budget.