Housing costs in New Salem?
A typical home costs
$98,700, which is 70.8% less expensive than the national average of
$338,100 and 59.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in New Salem 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 New Salem?
To live comfortably in New Salem, Illinois, a minimum annual income of
$19,080 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about New Salem?
The cost of living in New Salem, IL is quite reasonable. The average home price is $76,000, and the median household income is approximately $48,000. This means that the city鈥檚 housing costs are well within reach for most households. In addition, goods and services are relatively inexpensive in New Salem due to lower taxes than many other cities in Illinois. The overall cost of living in New Salem is significantly lower than both the United States average and that of many other cities in Illinois. This makes it a great place to live for those looking for an affordable place to call home.