Housing costs in Coal Valley?
A typical home costs
$217,600, which is 35.6% less expensive than the national average of
$338,100 and 10.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Coal Valley costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$1,260.
Can I afford Coal Valley?
To live comfortably in Coal Valley (zip 61240), Illinois, a minimum annual income of
$41,760 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Coal Valley?
The cost of living in 61240 Coal Valley, IL is moderate compared to other parts of the state. According to BestPlaces, the cost of living index for this zip code is 85.7, where the national average is 100. This means that groceries, housing costs, and utilities are all lower than the national average. It also implies that goods and services tend to be less expensive in 61240 Coal Valley than they would be in other parts of Illinois. In addition to having a lower cost of living than many other areas of the state, 61240 Coal Valley also has easy access to amenities like parks, schools, hospitals, and shopping centers which can help keep costs down while providing quality services and recreation opportunities for residents.