Housing costs in Morrisonville?
A typical home costs
$110,600, which is 67.3% less expensive than the national average of
$338,100 and 54.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Morrisonville costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 53.7% cheaper than the state average of
$1,260.
Can I afford Morrisonville?
To live comfortably in Morrisonville (zip 62546), Illinois, a minimum annual income of
$21,240 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Morrisonville?
The cost of living in 62546 Morrisonville, IL is quite reasonable compared to many other areas in the United States. The median household income for the area is $48,057 and homeownership rate stands at 84.3%. This suggests that the area is relatively affordable, with a lower cost of living than many other cities and towns across the country. Moreover, the median home value is $120,400, which is well below the national average. Residents can find good deals on housing and groceries, as well as access to job opportunities and services needed to maintain a comfortable lifestyle. Additionally, there are numerous outdoor activities available in the surrounding area such as hiking trails and lakes to explore during all seasons. All in all, Morrisonville offers a high quality of life while keeping costs low.