Housing costs in Hillsboro?
A typical home costs
$96,300, which is 71.5% less expensive than the national average of
$338,100 and 60.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hillsboro costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Hillsboro?
To live comfortably in Hillsboro (zip 62049), Illinois, a minimum annual income of
$18,360 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Hillsboro?
The cost of living in 62049 Hillsboro, IL is fairly affordable. The median home value is around $72,000, and the median household income is around $46,000. This means that most people can comfortably afford to buy a home and make ends meet. The area has very low unemployment, which helps keep prices stable and consistent. Additionally, taxes are relatively low compared to other areas in the US. Utility bills tend to be reasonable as well, allowing residents to save on their monthly costs. All in all, 62049 Hillsboro, IL has a very livable cost of living that makes it attractive for families looking to relocate or purchase a home in the area.