Housing costs in Lincoln?
A typical home costs
$113,500, which is 66.4% less expensive than the national average of
$338,100 and 53.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lincoln costs
$830 per month, which is 34.1% cheaper than the national average of
$1,260 and close to the state average of
$840.
Can I afford Lincoln?
To live comfortably in Lincoln (zip 62656), Illinois, a minimum annual income of
$21,600 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in 62656 Lincoln, IL is quite reasonable. The median home value in the area is around $159,000, which is much lower than the national average. Additionally, the overall cost of living index for the city is 7% lower than the national average. That means that groceries, housing costs, transportation expenses and other everyday costs are all slightly more affordable than in many other places throughout the country. Overall, 62656 Lincoln, IL offers a reasonable cost of living that makes it an attractive place to live and work for those looking for an affordable lifestyle while still enjoying the amenities of a larger city.