Housing costs in Schram City?
A typical home costs
$75,800, which is 77.6% less expensive than the national average of
$338,100 and 68.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Schram City costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Schram City?
To live comfortably in Schram City, Illinois, a minimum annual income of
$14,400 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Schram City?
The cost of living in Schram City, IL is relatively affordable compared to the rest of the nation. The median home price is lower than the national average, while the cost of utilities, groceries, and health care are all around the national average. For those looking for a relatively low-cost area to live, Schram City might be a good option. Additionally, housing prices have been steadily decreasing over time due to an influx of businesses and new amenities popping up in the area. All in all, Schram City provides a great place to live without breaking the bank.