Housing costs in Shelbyville?
A typical home costs
$113,200, which is 66.5% less expensive than the national average of
$338,100 and 53.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Shelbyville costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Shelbyville?
To live comfortably in Shelbyville, Illinois, a minimum annual income of
$21,600 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Shelbyville?
The cost of living in Shelbyville, IL is generally on the lower side when compared to other areas of the country. The median home price in Shelbyville is around $100,000, which is quite affordable considering the relatively low average household income of $46,000. Additionally, the area's overall cost of living index is about 15% lower than the national average. This makes it a great place for anyone looking to buy a home and enjoy a more affordable lifestyle. Other costs such as groceries, transportation and healthcare are also considerably cheaper than other parts of Illinois or the country as a whole. In general, Shelbyville provides an excellent cost-of-living option for those seeking to be close to city amenities without sacrificing their budget.