Housing costs in Effingham?
A typical home costs
$197,600, which is 41.6% less expensive than the national average of
$338,100 and 18.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Effingham costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 63.6% cheaper than the state average of
$1,260.
Can I afford Effingham?
To live comfortably in Effingham (zip 62401), Illinois, a minimum annual income of
$37,800 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Effingham?
The cost of living in 62401 Effingham, IL is relatively low when compared to other parts of the country. The median home price is around $93,000, while the median rent for a two-bedroom apartment averages around $600 per month. The overall cost of living index is slightly below the national average at 88.4, making it an attractive option for those looking for affordable housing options. Groceries, healthcare, and utilities are also fairly priced in this area. This makes it a great option for those looking to live comfortably on a budget.