Housing costs in Gifford?
A typical home costs
$173,000, which is 48.8% less expensive than the national average of
$338,100 and 28.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Gifford costs
$880 per month, which is 30.2% cheaper than the national average of
$1,260 and 17.0% cheaper than the state average of
$1,030.
Can I afford Gifford?
To live comfortably in Gifford (zip 61847), Illinois, a minimum annual income of
$33,120 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Gifford?
The cost of living in Gifford, IL 61847 is relatively low compared to other parts of the state and country. The average home value is around $83,000 which is significantly lower than the national average of $231,000. Additionally, the median household income is around $45,000 a year which is slightly less than the median household income in the United States. Utilities such as electricity and water are also much lower than what many people would see in large cities across the nation. There are also plenty of stores nearby for basic supplies and necessities so you don't have to travel far if you need something quickly. All things considered, Gifford has an affordable cost of living that makes it attractive to many people seeking an affordable place to live.