Housing costs in Hamburg?
A typical home costs
$46,500, which is 86.2% less expensive than the national average of
$338,100 and 80.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hamburg costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Hamburg?
To live comfortably in Hamburg, Illinois, a minimum annual income of
$9,000 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Hamburg?
Hamburg, IL is an affordable place to live, with a cost of living that is 8% lower than the national average. Housing costs are especially reasonable; the median home value is $176,300, which is much lower than most other areas in the Midwest. The median rent for Hamburg apartments is $753 per month, and the average monthly utility bill runs around $152. Additionally, groceries and other daily necessities are quite inexpensive due to the prevalence of locally-sourced goods in the area. All in all, living in Hamburg can be an affordable option for those seeking more affordable housing while also enjoying all that this small Illinois town has to offer.