Housing costs in Richmond?
A typical home costs
$275,000, which is 18.7% less expensive than the national average of
$338,100 and 13.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Richmond costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$1,260.
Can I afford Richmond?
To live comfortably in Richmond (zip 60071), Illinois, a minimum annual income of
$52,560 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 60071 Richmond, IL is quite reasonable compared to other areas. The overall cost of living index is 88.1, which is 11.9% lower than the national average. Groceries, healthcare and utilities are all notably lower than the US average as well. On the housing front, real estate prices are very affordable with median home values being $97,000 and median rent clocking in at $856 per month. Overall, Richmond is a great place for those looking to live comfortably without breaking their wallet.