Zip 62056 (Litchfield, IL) Cost of Living


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United States / Illinois / No Metro Area / Montgomery County / Litchfield / Litchfield (zip 62056)
How much do I need to live in Litchfield, Illinois?
$1,500 / month
for a family, 72.2% less expensive than the national average A total of $18,000 for the year for a family.
$2,033 / month
for a single person, 57.4% less expensive than the national average A total of $24,400 for the year for a single person.

Litchfield cost of living score
70.9
Less expensive
29.1% lower
than the US average
24.3% lower
than the Illinois average
Litchfield (zip 62056), Illinois gets a BestPlaces Cost of Living score of 70.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% lower than the U.S. average and 24.3% higher than the average for Illinois.

Zip 62056 (Litchfield, IL)

Housing costs in Litchfield?
A typical home costs $94,700, which is 72.0% less expensive than the national average of $338,100 and 60.8% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Litchfield costs $800 per month, which is 44.1% cheaper than the national average of $1,430 and 57.5% cheaper than the state average of $1,260.

Can I afford Litchfield?
To live comfortably in Litchfield (zip 62056), Illinois, a minimum annual income of $18,000 for a family, and $24,400 for a single person is recommended.

What does A.I. say about Litchfield?
The cost of living in Litchfield, IL (62056) is quite reasonable. The median home price for the area is $92,400, which is lower than the state’s median home price of $173,000. Renting in the area is also fairly affordable; a one-bedroom apartment costs an average of $583 per month. Other essentials such as groceries and healthcare are also reasonably priced, making it a great option for those looking for an affordable place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLitchfieldIllinoisUnited States
    Unlock93.7100.0
  92.2  Unlock100.0
    Unlock96.9100.0
  29.3  Unlock100.0
    Unlock$241,700$338,100
  101.5  Unlock100.0
    Unlock106.2100.0
  87.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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