Housing costs in Kankakee?
A typical home costs
$168,800, which is 50.1% less expensive than the national average of
$338,100 and 30.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Kankakee costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 17.8% cheaper than the state average of
$1,260.
Can I afford Kankakee?
To live comfortably in Kankakee Illin Metro Area, Illinois, a minimum annual income of
$32,400 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Kankakee?
The cost of living in the Kankakee, IL Metro Area is much lower than the national average. The Cost of Living Index (COLI) for this region is 80.7, which is approximately 20 points lower than the US average of 100. This means that goods and services are generally cheaper in the Kankakee metro area compared to other parts of the country, making it an attractive place to live if you’re looking to save money. The median house value in this region is also quite low at $168,800 compared to the US average of $338,100.