Housing costs in Venice?
A typical home costs
$62,100, which is 81.6% less expensive than the national average of
$338,100 and 74.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Venice costs
$840 per month, which is 33.3% cheaper than the national average of
$1,260 and 17.9% cheaper than the state average of
$990.
Can I afford Venice?
To live comfortably in Venice (zip 62090), Illinois, a minimum annual income of
$11,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Venice?
The cost of living in Venice, IL (62090) is relatively low compared to other parts of the country. According to a recent survey, the average cost of living index in Venice, IL is 79.3, which is 21.7 points lower than the national average of 100. This makes Venice an attractive place for those looking to save money on housing and other costs of living expenses. Home prices in Venice are well below national averages at around $104,000 for a two bedroom family home; rent prices are also very reasonable at around $900 per month for a 1-2 bedroom apartment or house. Additionally, utility costs are quite affordable with electric rates averaging about 11 cents per kilowatt hour and natural gas rates coming in just above 6 cents per therm. All of these factors combine to make Venice an economically attractive choice for those seeking cheaper home ownership and living costs.