Housing costs in Chestnut?
A typical home costs
$149,900, which is 55.7% less expensive than the national average of
$338,100 and 38.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chestnut costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 48.2% cheaper than the state average of
$1,260.
Can I afford Chestnut?
To live comfortably in Chestnut (zip 62518), Illinois, a minimum annual income of
$28,800 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Chestnut?
Living in 62518 Chestnut, IL can be quite affordable for many. The median home price is around $104,000, which is well below the national average. The median household income is slightly higher than the national average at $73,231. With an estimated cost of living that is nearly 9% lower than the U.S. average and a low unemployment rate, this small town offers plenty of financial security for its residents. Additionally, taxes are relatively low in Chestnut compared to other towns in Illinois. All of these factors help make living in this small town more affordable for potential homeowners and renters alike.