Housing costs in Shumway?
A typical home costs
$176,500, which is 47.8% less expensive than the national average of
$338,100 and 27.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Shumway costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 57.5% cheaper than the state average of
$1,260.
Can I afford Shumway?
To live comfortably in Shumway (zip 62461), Illinois, a minimum annual income of
$33,840 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Shumway?
The cost of living in 62461 Shumway, IL is quite reasonable compared to other areas in the United States. The median home value is just shy of $100,000 and the median household income is around $52,000 per year. Furthermore, the sales tax rate in the area is only 6.25% which makes items purchased there quite affordable. Utilities are also quite affordable with average costs for electricity, water and gas falling well below national averages. On average, groceries tend to be relatively inexpensive as well making it a good place for budget-conscious individuals and families to live comfortably.