Zip 62538 (Harvel, IL) Cost of Living


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United States / Illinois / No Metro Area / Montgomery County / Harvel / Harvel (zip 62538)

Harvel cost of living score
70.9
Less expensive
29.1% lower
than the US average
24.3% lower
than the Illinois average
Harvel (zip 62538), Illinois gets a BestPlaces Cost of Living score of 70.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% lower than the U.S. average and 24.3% higher than the average for Illinois.

Zip 62538 (Harvel, IL)

Housing costs in Harvel?
A typical home costs $104,600, which is 69.1% less expensive than the national average of $338,100 and 56.7% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Harvel costs $690 per month, which is 51.7% cheaper than the national average of $1,430 and 82.6% cheaper than the state average of $1,260.

Can I afford Harvel?
To live comfortably in Harvel (zip 62538), Illinois, a minimum annual income of $20,160 for a family, and $21,200 for a single person is recommended.

What does A.I. say about Harvel?
The cost of living in 62538 Harvel, IL is significantly lower than the national average. The median home value is just over $75,000, which is much cheaper than the U.S. median home value of $213,000. The median household income in Harvel is also significantly lower than the U.S. median at around $30,000 compared to just over $60,000 nationally. Despite low incomes and housing prices, Harvel residents can benefit from a variety of amenities that help keep the cost of living low such as no sales tax and numerous discounts offered by local businesses. Additionally, there are many recreational opportunities that are available in the area for families to take advantage of without spending a lot of money.
   Cost of living score
     CategoriesHarvelIllinoisUnited States
  70.993.7100.0
  90.594100
  116.796.9100.0
  24.880.2100.0
  $104,600$241,700$338,100
  99.2%97.7%100.0%
  74.2106.2100.0
  87.5107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime