Housing costs in Quincy?
A typical home costs
$214,900, which is 36.4% less expensive than the national average of
$338,100 and 11.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Quincy costs
$930 per month, which is 26.2% cheaper than the national average of
$1,260 and 10.8% more than the state average of
$830.
Can I afford Quincy?
To live comfortably in Quincy (zip 62305), Illinois, a minimum annual income of
$41,040 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Quincy?
The cost of living in 62305 Quincy, IL is relatively affordable compared to other areas in the country. As of 2020, the median home value is $87,000 and the median rent price is $807, making it a great place for people on a budget. The overall cost of living index for this area is 75.0, which is lower than the national average of 100. Additionally, utilities like electricity and water are below that of many surrounding cities and towns, making it an attractive option for those looking to keep their costs low. This area also enjoys lower-than-average taxes for both businesses and residents alike.