Housing costs in Rankin?
A typical home costs
$72,300, which is 78.6% less expensive than the national average of
$338,100 and 70.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Rankin costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 41.6% cheaper than the state average of
$1,260.
Can I afford Rankin?
To live comfortably in Rankin (zip 60960), Illinois, a minimum annual income of
$13,680 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Rankin?
The cost of living in 60960 Rankin, IL is relatively low when compared to other parts of the United States. The median home value in the area is around $63,000, which is significantly lower than the national average. Additionally, the median household income in the town is approximately $40,000 annually, which is below the national average and also indicates that this area generally has a lower cost of living. Public transportation is available in the form of buses that travel between nearby cities, and many other everyday items such as food and gas are also priced at much lower rates than what one might find in larger cities. All in all, 60960 Rankin, IL is an excellent place to live for those who may be on a budget or looking for an affordable city to settle down.