Housing costs in New Baden?
A typical home costs
$178,300, which is 47.3% less expensive than the national average of
$338,100 and 26.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in New Baden costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$1,260.
Can I afford New Baden?
To live comfortably in New Baden (zip 62265), Illinois, a minimum annual income of
$34,200 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about New Baden?
The cost of living in 62265 New Baden, IL is relatively low compared to the national average. According to bestplaces.net, the total cost of living for a family of four in New Baden is estimated at $68,057 annually which is nearly 10% lower than the United States median family income of $75,297. This low cost of living allows for New Baden residents to enjoy an excellent quality of life with plenty of housing options and amenities. The median home price in New Baden is just over $139,800 while the US median home price is closer to $231,000. Average rent prices are also more affordable at around $845 per month compared to the national average of $1,048 per month. All these factors combined make 62265 New Baden an attractive and affordable place to live and work for families and individuals alike.