Housing costs in Melvin?
A typical home costs
$74,700, which is 77.9% less expensive than the national average of
$338,100 and 69.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Melvin costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Melvin?
To live comfortably in Melvin (zip 60952), Illinois, a minimum annual income of
$14,400 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Melvin?
The cost of living in 60952 Melvin, IL is fairly reasonable. The median home value in the area is around $91,000, which makes it an affordable option for those looking to buy a home. Renting is also affordable - with the median rent being only $709 per month. Groceries, utilities, and transportation costs are all within the national average, so overall living expenses in this area are quite manageable. With its low cost of living and close proximity to larger cities like Chicago, 60952 Melvin, IL is an attractive destination for those looking to settle down in a quaint town while still having access to all the amenities of a large city.