Housing costs in Waterman?
A typical home costs
$214,200, which is 36.6% less expensive than the national average of
$338,100 and 11.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Waterman costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 27.3% cheaper than the state average of
$1,260.
Can I afford Waterman?
To live comfortably in Waterman, Illinois, a minimum annual income of
$41,040 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Waterman?
Waterman, IL is a small town with an affordable cost of living. The median household income for the area is slightly below the national average, sitting at $48,789 compared to $57,652 nationally. That said, housing costs in Waterman are much more affordable than the national average with the median home value sitting at just $136,400 compared to nearly double that number nationally. In addition to much lower housing costs, utilities and groceries come at a significantly cheaper price in Waterman than other areas of the country. All these factors make living in Waterman IL an attractive option for those looking for an affordable cost of living without sacrificing too much quality of life.