Zip 62447 (Neoga, IL) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Neoga, Illinois?
$2,100 / month
for a family, 61.1% less expensive than the national average A total of $25,200 for the year for a family.
$2,100 / month
for a single person, 55.9% less expensive than the national average A total of $25,200 for the year for a single person.

Neoga cost of living score
72.1
Less expensive
27.9% lower
than the US average
23.1% lower
than the Illinois average
Neoga (zip 62447), Illinois gets a BestPlaces Cost of Living score of 72.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.9% lower than the U.S. average and 23.1% higher than the average for Illinois.

Zip 62447 (Neoga, IL)

Housing costs in Neoga?
A typical home costs $130,700, which is 61.3% less expensive than the national average of $338,100 and 45.9% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Neoga costs $830 per month, which is 42.0% cheaper than the national average of $1,430 and 51.8% cheaper than the state average of $1,260.

Can I afford Neoga?
To live comfortably in Neoga (zip 62447), Illinois, a minimum annual income of $25,200 for a family, and $25,200 for a single person is recommended.

What does A.I. say about Neoga?
The cost of living in 62447 Neoga, IL is quite reasonable. The median home value is around $93,200, which is significantly lower than the national median of $231,000. The median rental rate is very affordable at $525 for a one bedroom apartment and the average utility costs are also reasonably low. Property taxes in Neoga are slightly higher than the national average but they are still very much manageable. All together, the cost of living in 62447 Neoga, IL makes it an attractive place to live for those looking for a more affordable lifestyle.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNeogaIllinoisUnited States
    Unlock93.7100.0
  92.7  Unlock100.0
    Unlock96.9100.0
  40.7  Unlock100.0
    Unlock$241,700$338,100
  97.4  Unlock100.0
    Unlock106.2100.0
  97.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.