Housing costs in Bowen?
A typical home costs
$78,700, which is 76.7% less expensive than the national average of
$338,100 and 67.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Bowen costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Bowen?
To live comfortably in Bowen (zip 62316), Illinois, a minimum annual income of
$15,120 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Bowen?
The cost of living in 62316 Bowen, IL is quite reasonable. The area's median household income is $49,006, with the median housing costs at just $687 per month. This is well below the national average, making it an attractive option for those looking for an affordable place to live. Groceries and utilities are also fairly low when compared to the national average. With a few small adjustments, people could easily enjoy the benefits of living in a rural town while still keeping their budget in check.