Housing costs in Rockford?
A typical home costs
$166,700, which is 50.7% less expensive than the national average of
$338,100 and 31.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Rockford costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 27.3% cheaper than the state average of
$1,260.
Can I afford Rockford?
To live comfortably in Rockford (zip 61107), Illinois, a minimum annual income of
$32,040 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Rockford?
The cost of living in 61107 Rockford, IL is relatively low compared to other cities in the country. According to a recent analysis, the cost of housing and groceries is approximately 11% lower than the U.S. average, making it an ideal location for budget-conscious individuals or families. Additionally, utilities such as electricity and water are also cheaper than most places due to the city's close proximity to Lake Michigan and other green initiatives. As far as transportation costs go, Rockford offers a wide variety of public transportation options including buses, trolleys, trains, and more. Altogether, these factors combine to make 61107 Rockford an affordable place to live without sacrificing quality of life.