Housing costs in Cherry Valley?
A typical home costs
$222,800, which is 34.1% less expensive than the national average of
$338,100 and 7.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Cherry Valley costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 44.8% cheaper than the state average of
$1,260.
Can I afford Cherry Valley?
To live comfortably in Cherry Valley (zip 61016), Illinois, a minimum annual income of
$42,840 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Cherry Valley?
The cost of living in 61016 Cherry Valley, IL is pretty reasonable. The median income for a household here is $63,601 and the median house price is $179,900. The overall cost of living is 6% lower than the national average. Utilities are also lower than most places at 8% lower than the US average. Groceries, healthcare, and transportation are all around the same as most other parts of the country. The area has an abundance of shopping centers and restaurants which adds to the appeal of living here while still keeping costs relatively low.