Housing costs in Loami?
A typical home costs
$157,000, which is 53.6% less expensive than the national average of
$338,100 and 35.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Loami costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 48.2% cheaper than the state average of
$1,260.
Can I afford Loami?
To live comfortably in Loami (zip 62661), Illinois, a minimum annual income of
$30,240 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Loami?
The cost of living in 62661 Loami, IL is generally more affordable than other parts of the state. The median home value in Loami is $148,100, which is significantly lower than the national median home value of $228,200. Similarly, the median household income in Loami is $65,743, which is also lower than the national median of $61,937. However, the cost of living still remains relatively high compared to other parts of the state because there are numerous amenities and services located close by such as restaurants and shopping centers. Additionally, Loami has a strong local economy that provides plenty of job opportunities for residents. All these factors contribute to making Loami an attractive place to live with a reasonable cost of living.