Housing costs in Cherry Valley?
A typical home costs
$177,900, which is 47.4% less expensive than the national average of
$338,100 and 26.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Cherry Valley costs
$910 per month, which is 27.8% cheaper than the national average of
$1,260 and 3.3% cheaper than the state average of
$940.
Can I afford Cherry Valley?
To live comfortably in Cherry Valley (zip 61112), Illinois, a minimum annual income of
$34,200 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Cherry Valley?
The cost of living in 61112 Cherry Valley, IL is expensive compared to the national average. According to BestPlaces, the cost of living index is 86.89, which is 14.11% higher than the United States's average. Rent prices are also significantly higher in Cherry Valley than other parts of Illinois and the US as a whole; a one-bedroom apartment in this zip code costs an estimated $844/month, while a three-bedroom apartment runs around $1,094/month. Transportation costs are relatively low at an index of 78.19; gas prices are usually lower than those seen across the country. Groceries are slightly more expensive here with an index of 101.43, but overall most items remain fairly affordable with some deals to be had if you know where to look.