Housing costs in Cerro Gordo?
A typical home costs
$111,100, which is 67.1% less expensive than the national average of
$338,100 and 54.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Cerro Gordo costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 41.6% cheaper than the state average of
$1,260.
Can I afford Cerro Gordo?
To live comfortably in Cerro Gordo (zip 61818), Illinois, a minimum annual income of
$21,240 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Cerro Gordo?
The cost of living in 61818 Cerro Gordo, IL is quite reasonable. The estimated median household income is around $53,000, while the median home value is about $80,000. Renters can expect to pay an average of around $650 per month for a one-bedroom apartment. Groceries and other essentials are also reasonably priced here. Additionally, utility costs are relatively low, due to the rural area's proximity to several sources of renewable energy. Overall, it's an affordable place to live for those looking for a peaceful and laid-back lifestyle away from the hustle and bustle of city life.