Housing costs in Elmwood?
A typical home costs
$139,800, which is 58.7% less expensive than the national average of
$338,100 and 42.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Elmwood costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Elmwood?
To live comfortably in Elmwood (zip 61529), Illinois, a minimum annual income of
$26,640 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Elmwood?
61529 Elmwood, IL is an affordable place to live. The median home price is $118,700, which is far below the national average of $231,200. Utility costs in the area are also quite low, with electricity rates being around 11 cents per kWh and natural gas averaging around $1.21 per CCF—a fraction of what it costs in other parts of the country. Property taxes are also quite low, hovering around 1.3%, making the total cost of living in 61529 Elmwood much lower than other parts of the state and country. All this makes 61529 Elmwood a great option for those looking for an affordable place to call home without sacrificing quality and convenience.