Zip 62473 (Watson, IL) Cost of Living


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How much do I need to live in Watson, Illinois?
$2,100 / month
for a family, 61.1% less expensive than the national average A total of $25,200 for the year for a family.
$2,000 / month
for a single person, 58.0% less expensive than the national average A total of $24,000 for the year for a single person.

Watson cost of living score
78.7
Less expensive
21.3% lower
than the US average
16.0% lower
than the Illinois average
Watson (zip 62473), Illinois gets a BestPlaces Cost of Living score of 78.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.3% lower than the U.S. average and 16.0% higher than the average for Illinois.

Zip 62473 (Watson, IL)

Housing costs in Watson?
A typical home costs $131,200, which is 61.2% less expensive than the national average of $338,100 and 45.7% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Watson costs $770 per month, which is 46.2% cheaper than the national average of $1,430 and 63.6% cheaper than the state average of $1,260.

Can I afford Watson?
To live comfortably in Watson (zip 62473), Illinois, a minimum annual income of $25,200 for a family, and $24,000 for a single person is recommended.

What does A.I. say about Watson?
The cost of living in 62473 Watson, IL is quite affordable. The median home value for the area is $39,300, which is lower than the national average. The median rent for a one-bedroom apartment is just $500 per month, and groceries are about 10% cheaper than the national average. Additionally, utilities like electricity and gas are around 15% cheaper than the national average. Overall, Watson's cost of living is quite affordable and accessible to those on a budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWatsonIllinoisUnited States
    Unlock93.7100.0
  92.5  Unlock100.0
    Unlock96.9100.0
  32.7  Unlock100.0
    Unlock$241,700$338,100
  97.2  Unlock100.0
    Unlock106.2100.0
  116.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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