Zip 62540 (Kincaid, IL) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Kincaid, Illinois?
$1,290 / month
for a family, 76.1% less expensive than the national average A total of $15,480 for the year for a family.
$1,833 / month
for a single person, 61.5% less expensive than the national average A total of $22,000 for the year for a single person.

Kincaid cost of living score
72.9
Less expensive
27.1% lower
than the US average
22.2% lower
than the Illinois average
Kincaid (zip 62540), Illinois gets a BestPlaces Cost of Living score of 72.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.1% lower than the U.S. average and 22.2% higher than the average for Illinois.

Zip 62540 (Kincaid, IL)

Housing costs in Kincaid?
A typical home costs $79,900, which is 76.4% less expensive than the national average of $338,100 and 66.9% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Kincaid costs $730 per month, which is 49.0% cheaper than the national average of $1,430 and 72.6% cheaper than the state average of $1,260.

Can I afford Kincaid?
To live comfortably in Kincaid (zip 62540), Illinois, a minimum annual income of $15,480 for a family, and $22,000 for a single person is recommended.

What does A.I. say about Kincaid?
The cost of living in 62540 Kincaid, IL is generally affordable. The median home cost is approximately $84,000 and the average rent for a two bedroom apartment is around $700. Taxes are fairly reasonable, with the total tax rate coming out to about 8.5%. There are plenty of shops and restaurants with reasonable prices. The overall cost of living in Kincaid is quite manageable for most budgets.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesKincaidIllinoisUnited States
    Unlock93.7100.0
  91.3  Unlock100.0
    Unlock96.9100.0
  24.9  Unlock100.0
    Unlock$241,700$338,100
  92.8  Unlock100.0
    Unlock106.2100.0
  98.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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