Housing costs in Pontiac?
A typical home costs
$120,700, which is 64.3% less expensive than the national average of
$338,100 and 50.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Pontiac costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 50.0% cheaper than the state average of
$1,260.
Can I afford Pontiac?
To live comfortably in Pontiac (zip 61764), Illinois, a minimum annual income of
$23,040 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Pontiac?
The cost of living in 61764 Pontiac, IL is fairly reasonable. According to the cost of living index provided by BestPlaces.net, 61764 Pontiac’s cost of living overall is at about 89.1, which is 11% lower than the national average and 14.7% lower than the Illinois state average. This is due to the low median home prices, low housing costs and low median rent prices in the area. Groceries are slightly more expensive than other areas with a score of 93.7 on the Cost of Living Index but overall are still considered affordable for most households operating within their budget. Utilities and transportation in 61764 Pontiac are also quite reasonable with an index score of 91.9. Overall, 61764 Pontiac has an affordable cost of living which makes it an attractive choice for many people who want to live in a comfortable, convenient area without breaking the bank.