Housing costs in Wilmington?
A typical home costs
$208,400, which is 38.4% less expensive than the national average of
$338,100 and 13.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Wilmington costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 14.5% cheaper than the state average of
$1,260.
Can I afford Wilmington?
To live comfortably in Wilmington (zip 60481), Illinois, a minimum annual income of
$39,960 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Wilmington?
The cost of living in 60481 Wilmington, IL is relatively low compared to other areas. According to BestPlaces, the overall cost of living index for this zip code is 88.9, which is 11.1 points lower than the U.S. average of 100. Housing prices are particularly affordable with median home values being $113,800 and monthly homeownership costs being an estimated $788鈥攚hich are both lower than both the state of Illinois and national averages. Other basic expenses like groceries, utilities and transportation also remain below the national rate by a significant margin as well. All in all, 60481 Wilmington is a great area for those looking for a low cost of living without sacrificing quality or convenience.