Housing costs in Henning?
A typical home costs
$89,400, which is 73.6% less expensive than the national average of
$338,100 and 63.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Henning costs
$770 per month, which is 38.9% cheaper than the national average of
$1,260 and 14.3% cheaper than the state average of
$880.
Can I afford Henning?
To live comfortably in Henning (zip 61848), Illinois, a minimum annual income of
$17,280 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Henning?
The cost of living in 61848 Henning, IL is relatively low compared to other areas in the country. The median home value in this area is around $95,000, which is much lower than the national average. People living here enjoy a lower cost of goods and services due to its rural nature and access to nearby markets. The unemployment rate remains low at 3.3%, making it a great place to live and work. The local property taxes are also low, providing an additional incentive for those looking for affordability. All these factors combined make 61848 Henning, IL an attractive option for those seeking a cheaper cost of living without sacrificing quality of life.