Housing costs in Belvidere?
A typical home costs
$192,900, which is 42.9% less expensive than the national average of
$338,100 and 20.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Belvidere costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 28.6% cheaper than the state average of
$1,260.
Can I afford Belvidere?
To live comfortably in Belvidere (zip 61008), Illinois, a minimum annual income of
$37,080 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Belvidere?
Living in 61008 Belvidere, IL can be quite affordable. The cost of living index is slightly below the national average, at 92.0. When it comes to rent, the median rental price for a one-bedroom apartment in Belvidere is approximately $875 per month. Groceries and other essentials are also relatively inexpensive when compared to other cities. The median household income in Belvidere is around $50,964, which allows residents to take advantage of the lower cost of living in this area. Additionally, transportation expenses such as gas prices and car insurance are generally low when compared with other areas in Illinois. In short, 61008 Belvidere offers an affordable cost of living that is attractive to many people looking for a place to call home.