Housing costs in Petersburg?
A typical home costs
$163,600, which is 51.6% less expensive than the national average of
$338,100 and 32.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Petersburg costs
$850 per month, which is 32.5% cheaper than the national average of
$1,260 and 7.1% cheaper than the state average of
$910.
Can I afford Petersburg?
To live comfortably in Petersburg (zip 62675), Illinois, a minimum annual income of
$31,320 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Petersburg?
The cost of living in 62675 Petersburg, IL is relatively low compared to other parts of the state and across the country. The median home value is $82,800, making it an affordable option for many buyers. The cost of goods and services is also quite low, with groceries costing around 5.7% lower than the national average and utilities being nearly 15.8% lower than the national average. The overall tax burden on residents is also low, with a total sales tax rate of 6.25%. All combined, these factors make 62675 Petersburg a very attractive place to live for those looking to keep costs down while still enjoying all that Illinois has to offer.