Housing costs in Pekin?
A typical home costs
$113,800, which is 66.3% less expensive than the national average of
$338,100 and 52.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Pekin costs
$850 per month, which is 32.5% cheaper than the national average of
$1,260 and 4.7% cheaper than the state average of
$890.
Can I afford Pekin?
To live comfortably in Pekin (zip 61554), Illinois, a minimum annual income of
$21,960 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Pekin?
Living in 61554 Pekin, IL is an affordable option for many people. The cost of living is 7% lower than the Illinois average and 8% lower than the national average according to BestPlaces. The median household income in 61554 is $48,844, which is slightly higher than the state's median income of $60,960. Meanwhile, the median home price for 61554 is $119,200 which means that it's much more affordable to buy a house here than in other parts of Illinois or the USA. Most goods and services are also cheaper in this part of the state, making it a great place to live for those on a budget.