Housing costs in Spring Bay?
A typical home costs
$115,900, which is 65.7% less expensive than the national average of
$338,100 and 52.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Spring Bay costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Spring Bay?
To live comfortably in Spring Bay, Illinois, a minimum annual income of
$22,320 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Spring Bay?
The cost of living in Spring Bay, IL is quite reasonable. Groceries and other goods can be found at local stores for competitive prices, and housing costs are relatively low. The median home value in the city is $135,400, which is significantly lower than the national average of $218,300. Additionally, utility costs such as gas and electricity tend to remain low due to the mild climate in the area. All in all, Spring Bay offers a cost-effective lifestyle with plenty of recreation options and access to amenities like restaurants and entertainment venues.