Housing costs in Urbana?
A typical home costs
$164,700, which is 51.3% less expensive than the national average of
$338,100 and 31.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Urbana costs
$1,010 per month, which is 19.8% cheaper than the national average of
$1,260 and 2.0% cheaper than the state average of
$1,030.
Can I afford Urbana?
To live comfortably in Urbana (zip 61802), Illinois, a minimum annual income of
$31,680 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Urbana?
The cost of living in 61802 Urbana, IL is relatively affordable compared to other cities in the United States. The median home value in the area is just over $170,000, which is substantially lower than the national median of around $270,000. Additionally, the average cost of living for a single person is around $51,000 per year. This includes rent for a one-bedroom apartment at roughly $750 per month and groceries at roughly $350 per month. Other expenses such as utilities and transportation are also quite affordable in the area. Overall, 61802 Urbana, IL offers an excellent quality of life with an affordable cost of living for those looking to make a move.