Housing costs in Ridge Farm?
A typical home costs
$73,000, which is 78.4% less expensive than the national average of
$338,100 and 69.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Ridge Farm costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 37.0% cheaper than the state average of
$1,260.
Can I afford Ridge Farm?
To live comfortably in Ridge Farm (zip 61870), Illinois, a minimum annual income of
$14,040 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Ridge Farm?
The cost of living in 61870 Ridge Farm, IL is relatively affordable compared to other areas of the state. The average home price is around $110,000, which is significantly lower than the national average. Additionally, the median household income in Ridge Farm is approximately $56,000 annually. This allows for a comfortable lifestyle while still saving money each year. Utility bills are also low in Ridge Farm with an average monthly electricity bill of just over $100 and a natural gas bill of about $50 per month. With low housing prices and utilities costs, it's easy to see why residents of 61870 Ridge Farm enjoy a high quality of life at an affordable cost.