Housing costs in Mahomet?
A typical home costs
$281,400, which is 16.8% less expensive than the national average of
$338,100 and 16.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mahomet costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 9.6% cheaper than the state average of
$1,260.
Can I afford Mahomet?
To live comfortably in Mahomet (zip 61853), Illinois, a minimum annual income of
$54,000 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Mahomet?
The cost of living in 61853 Mahomet, IL is quite reasonable compared to other areas. A variety of housing options are available within the community, ranging from single family homes to multifamily units. The median home value for this area is around $185,000, making it an affordable place to live. Additionally, transportation costs are relatively low due to the city’s close proximity to Interstate 74 and other major highways and roads. Groceries are also relatively inexpensive as there are several local stores that offer great deals without sacrificing quality goods and services. Finally, the overall cost of living in 61853 Mahomet is 8% lower than in most parts of the state of Illinois, making it a great option for those looking for a more balanced budget.