Housing costs in Farmer City?
A typical home costs
$126,200, which is 62.7% less expensive than the national average of
$338,100 and 47.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Farmer City costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 24.8% cheaper than the state average of
$1,260.
Can I afford Farmer City?
To live comfortably in Farmer City (zip 61842), Illinois, a minimum annual income of
$24,120 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Farmer City?
The cost of living in 61842 Farmer City, IL is quite reasonable. According to a recent study, the cost of groceries and health care are slightly lower than the national average while housing costs and utilities are roughly on par with the rest of the country. Despite this, many consider it to be one of the most affordable places to live in Illinois due to its low crime rate and friendly community environment. The median home value is well below state averages, and job opportunities abound for those looking to stay in the area long-term. All in all, Farmer City is an excellent option for anyone looking for a great quality of life without having to break the bank.