Housing costs in Pana?
A typical home costs
$88,600, which is 73.8% less expensive than the national average of
$338,100 and 63.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Pana 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 Pana?
To live comfortably in Pana (zip 62557), Illinois, a minimum annual income of
$16,920 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Pana?
The cost of living in 62557 Pana, IL is relatively low compared to the national average. The overall cost of living index for this area is just 79.2, which is 21.8% lower than the US average. Housing costs in particular are lower than the national average, with a median home value of $67,000 and an average rent of $510 per month for a one-bedroom apartment. Groceries, utilities, healthcare, and transportation all tend to be slightly cheaper than the national averages as well. In conclusion, living in 62557 Pana IL can be very affordable for most people.