Housing costs in Wilmington?
A typical home costs
$92,800, which is 72.6% less expensive than the national average of
$338,100 and 61.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Wilmington costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,260.
Can I afford Wilmington?
To live comfortably in Wilmington (zip 62078), Illinois, a minimum annual income of
$17,640 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Wilmington?
The cost of living in Wilmington, IL (62078) is fairly reasonable compared to many other parts of the US. The median home value is around $107,000 and the median rent price is $1,012 per month. The cost of groceries is also quite manageable at just 10% higher than the national average. Additionally, utilities are relatively low with an average monthly bill for electricity being around $85. Gas prices are moderate at an average of $2.45 per gallon and overall, the cost of living in this area is quite affordable for those looking to take advantage of it.