Housing costs in Urbana?
A typical home costs
$155,300, which is 54.1% less expensive than the national average of
$338,100 and 35.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Urbana costs
$1,030 per month, which is 18.3% cheaper than the national average of
$1,260 and close to the state average of
$1,030.
Can I afford Urbana?
To live comfortably in Urbana (zip 61801), Illinois, a minimum annual income of
$29,880 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Urbana?
The cost of living in 61801 Urbana, IL is quite reasonable when compared to other parts of the country. The median household income in this area is $45,517 and the median home value is $195,741. This means that most people in this area can afford to purchase a home here, and it also means that those who rent will likely find rental prices to be affordable as well. Groceries, healthcare, transportation, and utilities are all fairly inexpensive compared to other cities. Overall, living in 61801 Urbana, IL provides residents with an affordable cost of living with plenty of amenities.