Housing costs in Concord?
A typical home costs
$126,600, which is 62.6% less expensive than the national average of
$338,100 and 47.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Concord costs
$800 per month, which is 36.5% cheaper than the national average of
$1,260 and close to the state average of
$800.
Can I afford Concord?
To live comfortably in Concord (zip 62631), Illinois, a minimum annual income of
$24,120 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Concord?
The cost of living in 62631 Concord, IL is relatively affordable. According to BestPlaces, the city has a cost of living index of 72.47, which is below the U.S. average of 100. On top of that, rent in Concord is 14% lower than the national average with an average price of $543 for a one-bedroom apartment and $665 for a two-bedroom apartment. The city also offers affordable grocery prices with an index score of 91.73 compared to the US average index score of 100. Furthermore, utilities costs are around 9% lower than the U.S., making it easier to manage monthly bills.