Housing costs in Geneva?
A typical home costs
$422,800, which is 25.1% more expensive than the national average of
$338,100 and 74.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Geneva costs
$1,930 per month, which is 35.0% more than the national average of
$1,430 and 34.7% more than the state average of
$1,260.
Can I afford Geneva?
To live comfortably in Geneva, Illinois, a minimum annual income of
$81,000 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Geneva?
The cost of living in Geneva, IL is slightly higher than the US average. However, its housing costs are lower than the national average due to the local availability of affordable homes and apartments. The median home value in Geneva is $195,400 and the median rent price is $896 per month. Despite these relatively low prices compared to other cities, basic necessities like food, transportation, and healthcare tend to be more expensive in Geneva. Groceries cost an average of 5% above the national average while transportation costs 3% more and healthcare costs 8% higher than the US average. Although it may be slightly more expensive than other locations in Illinois, Geneva remains an affordable city with many great restaurants and plenty of entertainment options.