Housing costs in Grafton?
A typical home costs
$198,400, which is 41.3% less expensive than the national average of
$338,100 and 17.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Grafton costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 48.2% cheaper than the state average of
$1,260.
Can I afford Grafton?
To live comfortably in Grafton (zip 62037), Illinois, a minimum annual income of
$38,160 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Grafton?
The cost of living in Grafton, IL 62037 is quite reasonable compared to other parts of the country. Overall, it is 13% lower than the national average, making it a great place to live on any budget. Housing is especially affordable with a median home price of just over $117,000 and an average rent of $890 per month. Groceries and utilities are also below the national average by 11% and 6%, respectively. Transportation costs are fairly low due to its proximity to St. Louis, MO and access to I-55 and I-70. All in all, Grafton, IL 62037 offers a comfortable lifestyle at an accessible price point.