Housing costs in South Beloit?
A typical home costs
$183,200, which is 45.8% less expensive than the national average of
$338,100 and 24.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in South Beloit costs
$860 per month, which is 31.7% cheaper than the national average of
$1,260 and 9.3% cheaper than the state average of
$940.
Can I afford South Beloit?
To live comfortably in South Beloit (zip 61080), Illinois, a minimum annual income of
$35,280 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about South Beloit?
The cost of living in 61080 South Beloit, IL is quite reasonable compared to many other places. According to BestPlaces.net, the overall cost of living index for the area is 88.1, which is 12.9% lower than the national average. Housing prices are also below the national average and vary considerably depending on size and location. Renting a one bedroom apartment typically ranges from $500 - $650 per month while renting a three bedroom apartment typically ranges from $800 - $1000 per month. Additionally, groceries and transportation costs tend to be comparable with the national averages. Overall, 61080 South Beloit is a great place to live due to its low cost of living in relation to many other areas across the United States.