Housing costs in Homer?
A typical home costs
$148,300, which is 56.1% less expensive than the national average of
$338,100 and 38.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Homer costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 43.2% cheaper than the state average of
$1,260.
Can I afford Homer?
To live comfortably in Homer (zip 61849), Illinois, a minimum annual income of
$28,440 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in 61849 Homer, IL is relatively affordable. The median home cost is around $125,000, and the median household income is estimated to be around $68,000 a year. Groceries are also quite affordable, with the average price for basic items like milk and eggs being lower than the national average. Utility costs, such as electricity and water, tend to be slightly higher due to the rural nature of the area. Sales tax is also higher in 61849 Homer than other parts of Illinois, but overall living expenses remain very manageable for most households.