Housing costs in New Bedford?
A typical home costs
$74,900, which is 77.8% less expensive than the national average of
$338,100 and 69.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in New Bedford costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,260.
Can I afford New Bedford?
To live comfortably in New Bedford (zip 61346), 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 New Bedford?
The cost of living in 61346 New Bedford, IL is relatively low compared to the national average. As of 2020, the median household income was $50,078 and monthly housing costs averaged around $1,007. The overall cost of living index for this area is 83.5 compared to the national average of 100, meaning it is almost 17% lower than the rest of the country. This makes 61346 an ideal place for those looking for a more affordable lifestyle without sacrificing quality services or amenities.