Housing costs in South Beloit?
A typical home costs
$176,600, which is 47.8% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in South Beloit costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 44.8% cheaper than the state average of
$1,260.
Can I afford South Beloit?
To live comfortably in South Beloit, Illinois, a minimum annual income of
$33,840 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about South Beloit?
The cost of living in South Beloit, IL is fairly low compared to other parts of the country. The median home value is around $118,000, with median rent being just under $800 per month. Taxes are also generally low, with the sales tax rate being 6.75%. Food prices tend to be reasonably priced as well. Overall, South Beloit is a great place for those looking for a more affordable lifestyle without sacrificing quality of life.