Housing costs in Champaign-Urbana?
A typical home costs
$176,700, which is 47.7% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Champaign-Urbana costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 22.3% cheaper than the state average of
$1,260.
Can I afford Champaign-Urbana?
To live comfortably in Champaign-Urbana Illin Metro Area, Illinois, a minimum annual income of
$33,840 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Champaign-Urbana?
The cost of living in the Champaign-Urbana, IL Metro Area is substantially lower than the US average. The Metro Area has an overall Cost of Living Index score of 81.2, which is 19.8 points lower than the national average of 100. This means that goods and services in this area are generally more affordable when compared to other areas in the US. As a result, it's possible to purchase a home here for much less than the US average house value of $338,100; with current median values at around $176,700.