Housing costs in Hamburg?
A typical home costs
$207,600, which is 38.6% less expensive than the national average of
$338,100 and 14.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hamburg costs
$830 per month, which is 34.1% cheaper than the national average of
$1,260 and 19.3% cheaper than the state average of
$990.
Can I afford Hamburg?
To live comfortably in Hamburg (zip 62045), Illinois, a minimum annual income of
$39,600 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Hamburg?
62045 Hamburg, IL is a small town with a population of just over 1,000 people. The cost of living in this area is relatively low compared to larger cities. The average home price in the area is around $120,000, which is much lower than the national median. Additionally, groceries and other essentials are generally more affordable here than in many larger cities. Transportation can be expensive due to the fact that public transportation is limited but car ownership usually helps offset these costs. Overall, living in 62045 Hamburg, IL can be an affordable option for anyone looking to settle down in a small town community.