Are you considering a move to Illinois? Or perhaps you’re already living in the Land of Lincoln and looking to buy a new home? Either way, finding an affordable place to live is likely at the top of your list. Luckily, Illinois has a variety of cities and towns that offer affordable housing options without sacrificing quality of life. In this article, we’ll explore the 8 most affordable places to live in Illinois in 2024.
1. Springfield
Located in the heart of Illinois, Springfield is the state capital and offers a lower cost of living compared to other major cities in the state. The average home price in Springfield is around $120,000, making it an attractive option for those looking to buy a home. In addition to its affordability, Springfield also has a rich history and plenty of cultural attractions, including the Abraham Lincoln Presidential Library and Museum.
2. Decatur
Another affordable city in central Illinois is Decatur. The median home price in Decatur is just under $80,000, making it one of the most affordable places to live in the state. Despite its smaller size, Decatur offers a variety of amenities, including parks, shopping centers, and a thriving downtown area. It’s also home to several large employers, such as Caterpillar Inc. and Archer Daniels Midland.
3. Rockford
Located in northern Illinois, Rockford is the third-largest city in the state and also one of the most affordable. The median home price in Rockford is around $90,000, and the city offers a wide range of housing options, from historic homes to modern apartments. Rockford is also known for its outdoor recreational opportunities, with over 10,000 acres of parks and forest preserves.
4. Champaign
Home to the University of Illinois, Champaign is a vibrant college town with a relatively low cost of living. The median home price in Champaign is just over $100,000, and the city offers a variety of housing options, from student apartments to single-family homes. Champaign also has a thriving arts and culture scene, with numerous galleries, theaters, and music venues.
5. Peoria
Located along the Illinois River, Peoria is another affordable city in central Illinois. The median home price in Peoria is around $100,000, and the city offers a mix of urban and suburban living. Peoria is also a hub for healthcare and technology, with major employers like OSF Healthcare and Caterpillar Inc. providing job opportunities for residents.
6. Belleville
For those looking for a more small-town feel, Belleville may be the perfect fit. Located in southern Illinois, Belleville offers a lower cost of living compared to larger cities in the state. The median home price in Belleville is around $100,000, and the city has a charming downtown area with local shops and restaurants. It’s also home to several parks and nature preserves, perfect for outdoor enthusiasts.
7. Bloomington
Situated in the heart of Illinois, Bloomington is another affordable option for those looking to buy a home. The median home price in Bloomington is just over $100,000, and the city offers a mix of urban and suburban living. Bloomington is also home to Illinois State University, providing job opportunities and a lively atmosphere for residents.
8. Carbondale
Located in southern Illinois, Carbondale is a small college town with a low cost of living. The median home price in Carbondale is just under $100,000, and the city is home to Southern Illinois University. With a thriving arts and music scene, as well as access to outdoor activities in nearby Shawnee National Forest, Carbondale offers a unique and affordable lifestyle.
In conclusion, whether you’re already living in Illinois or planning to move there, these 8 cities offer some of the most affordable housing options in the state. From small towns to larger cities, each of these places has its own unique charm and amenities. So, if you’re looking to buy a home in Illinois, consider one of these affordable cities and start enjoying all that the Land of Lincoln has to offer.
