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Cost of Living in Monticello Community Unit School District 25

Is it better to rent or buy in Monticello Community Unit School District 25? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$81,761
$1,184/mo

Median in area: $1,184

$194,127

Median in area: $194,127

$38,825

If you Rent

🔑
$1,402 /mo
Base Rent$1,184
Est. Utilities$218
% of Income20.6%
Pre-tax Residual$5,411

If you Buy

🏠
$1,574 /mo
P&I (7.005%)$1,034
Taxes & Ins$322
Est. Utilities$218
% of Income23.1%
Pre-tax Residual$5,240

Cost of Living FAQs

Is it cheaper to rent or buy in Monticello Community Unit School District 25?›

Based on median housing data, renting is currently more affordable on a monthly basis in Monticello Community Unit School District 25. The estimated all-in monthly cost for renting is $1,402, while owning a median-priced home with a 20% down payment is roughly $1,574 per month (a difference of $172).

How much do utilities cost in Monticello Community Unit School District 25?›

The average monthly utility cost (electricity and natural gas) for a typical home in Monticello Community Unit School District 25 is approximately $218. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Monticello Community Unit School District 25?›

To comfortably afford the median rent and utilities in Monticello Community Unit School District 25 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $56,080 per year.