Housing costs in Elwin?
A typical home costs
$119,400, which is 64.7% less expensive than the national average of
$338,100 and 50.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Elwin costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Elwin?
To live comfortably in Elwin (zip 62532), Illinois, a minimum annual income of
$23,040 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Elwin?
The cost of living in 62532 Elwin, IL is quite affordable, as it has an overall cost of living index of 75.5, which is lower than the national average. The median home price is $71,400 and the median rent is $753 per month. There are plenty of grocery stores nearby that offer a variety of quality products at competitive prices. Additionally, gas prices are typically lower than the national average and there are a number of transportation options available in the area for those looking to get around without owning a car. Overall, Elwin offers great value with its low cost of living and ample amenities for its residents.