Housing costs in Gorham?
A typical home costs
$50,900, which is 84.9% less expensive than the national average of
$338,100 and 78.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Gorham costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Gorham?
To live comfortably in Gorham (zip 62940), Illinois, a minimum annual income of
$9,720 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Gorham?
Living in 62940 Gorham, IL is relatively affordable. The area has a cost of living index of 84.9, which is 15.1% lower than the U.S. average. Housing expenses are particularly low, with median home prices hovering around $84,500 and median rent at just over $750 per month. The overall cost of groceries and other goods and services is also lower than average, making 62940 Gorham an attractive option for those who want to enjoy the amenities of the city without breaking the bank.