Housing costs in Tennessee?
A typical home costs
$99,600, which is 70.5% less expensive than the national average of
$338,100 and 58.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Tennessee costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 72.6% cheaper than the state average of
$1,260.
Can I afford Tennessee?
To live comfortably in Tennessee (zip 62374), Illinois, a minimum annual income of
$19,080 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Tennessee?
The cost of living in 62374 Tennessee, IL is fairly low compared to the rest of the country. The median home value is $106,600 and groceries cost around 11% below the national average. Property taxes are also relatively low at 0.7%, which helps make living costs in this area more affordable. The median household income is around $44,084 and unemployment is at 2.2%, so there are plenty of job opportunities that can help cover the cost of living expenses. With the combination of these factors, it's easy to see why 62374 Tennessee, IL is a great place to live on a budget.