Housing costs in Colchester?
A typical home costs
$71,500, which is 78.9% less expensive than the national average of
$338,100 and 70.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Colchester costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Colchester?
To live comfortably in Colchester, Illinois, a minimum annual income of
$13,680 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Colchester?
Colchester, IL is an affordable place to live with a low cost of living. The estimated cost of living index is 80.5, compared to the national average of 100. This means that items like housing, groceries and utilities are less expensive than in other parts of the country. In addition, Colchester residents enjoy lower taxes than many other areas in Illinois. All these factors make living in the city much more affordable than some other places.