Housing costs in Loves Park?
A typical home costs
$150,600, which is 55.5% less expensive than the national average of
$338,100 and 37.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Loves Park costs
$970 per month, which is 23.0% cheaper than the national average of
$1,260 and 3.1% more than the state average of
$940.
Can I afford Loves Park?
To live comfortably in Loves Park (zip 61111), Illinois, a minimum annual income of
$28,800 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Loves Park?
The cost of living in 61111 Loves Park, IL is quite affordable. The median household income is about $53,649, which is significantly lower than the state and national averages. The median housing costs are also relatively low, at just over $127,000. This makes it an attractive location for those looking to purchase a new home or to rent an apartment. For those who prefer to rent a place to live, there are many great options that are reasonably priced. Additionally, utilities such as electricity and water are quite affordable when compared to other cities in the area. All in all, Loves Park offers an excellent quality of life for its residents at an affordable price point.