Cost of living in Loran township, Illinois

Cost of living
compared to USA

moderate

Cost of living
compared to Illinois

low

Median household
income

high

Is it expensive to live in Loran township, Illinois? When calculating the cost of living in Loran township, Illinois we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Loran township, Illinois is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Illinois, while median household income in Loran township is $71,698 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Illinois.

Taxes in Loran township, Illinois

The sales tax rate in Loran township, Illinois is 7.3%. Last year, the average property taxes paid was 2.7% Loran township, Illinois.

The state income tax in the state of Illinois is 4.95%.

Housing costs in Loran township, Illinois

The average cost of
a single-family home
compated to USA

the lowest

The average cost of
a single-family home
compated to Illinois

the lowest

In Loran township, Illinois, 82.0% of the population owns their homes, while approximately 18.0% rent. The average cost of a single-family home in Loran township, Illinois in 2023 is $134,815 which is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Illinois. The average one-bedroom apartment cost is approximately $[no data] per month.

Rental Size	Monthly Cost	Compared to Illinois
1 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest