Housing costs in Rio?
A typical home costs
$119,300, which is 64.7% less expensive than the national average of
$338,100 and 50.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Rio costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 51.8% cheaper than the state average of
$1,260.
Can I afford Rio?
To live comfortably in Rio, Illinois, a minimum annual income of
$22,680 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Rio?
The cost of living in Rio, IL is very reasonable compared to most cities. Goods and services are generally lower than the national average, making it an attractive place to live. The median home value in Rio is approximately $80,000, which is slightly lower than the U.S. median home value of $184,700. In addition to the low housing costs, the cost of living overall is six percent below the national average. This means that food, clothing, healthcare, utilities and other expenses are all quite affordable in this city.