Housing costs in Franklin?
A typical home costs
$111,300, which is 67.1% less expensive than the national average of
$338,100 and 54.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Franklin costs
$880 per month, which is 30.2% cheaper than the national average of
$1,260 and 9.1% more than the state average of
$800.
Can I afford Franklin?
To live comfortably in Franklin (zip 62638), Illinois, a minimum annual income of
$21,240 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Franklin?
The cost of living in 62638 Franklin, IL is quite reasonable. The median home value in the area is $127,000, which is significantly lower than the average home value in the United States. The median household income in 62638 Franklin, IL is around $58,000 per year, making it a relatively affordable place to live. Furthermore, general day-to-day expenses such as groceries and transportation are also reasonably priced in Franklin. All of these factors make Franklin an attractive location for those looking to save money and enjoy a comfortable lifestyle without breaking the bank.