Housing costs in Franklin Grove?
A typical home costs
$132,900, which is 60.7% less expensive than the national average of
$338,100 and 45.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Franklin Grove costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 57.5% cheaper than the state average of
$1,260.
Can I afford Franklin Grove?
To live comfortably in Franklin Grove (zip 61031), Illinois, a minimum annual income of
$25,560 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Franklin Grove?
The cost of living in 61031 Franklin Grove, IL is quite affordable. The median home value is just under $150,000 and the median monthly rent comes in at around $700. Property taxes are also relatively low compared to other areas in the state and nation. Additionally, food prices in Franklin Grove remain below the national average and gasoline prices are often lower than surrounding towns. All this makes it an attractive place to live for those on a tight budget.