Housing costs in Illinois?
A typical home costs
$241,700, which is 28.5% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Illinois costs
$1,260 per month, which is 11.9% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford Illinois?
To live comfortably in Illinois, a minimum annual income of
$46,440 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Illinois?
Illinois State is an affordable place to live compared to many other states in the US. The cost of living index in the state is 87.2, which is lower than the national average of 100. Housing costs are particularly low in Illinois, with a median home price of $187,500 as of 2021. Renting a two-bedroom apartment averages $939, which is slightly higher than the national average but still very affordable. Utilities are also below the national average and groceries and health care are similar to those found nationwide. This low cost of living combined with a wide variety of job opportunities makes Illinois State an attractive place for people looking for both career advancement and affordable living expenses.