Cost of Living in Southern View, IL

With a cost of living index of 79, Southern View, IL is a very affordable place to live. Living here is 21% cheaper than the national average and in line with the Illinois state average. Southern View is a small community of 1,838 residents.

Housing costs are the biggest factor in Southern View's cost of living. The median monthly rent is $1,261 (4% below the US median of $1,319), and the median home value sits at $104,700 (66% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Southern View is $53,774, which is 28% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Southern View. The area sees an average annual temperature of 54°F, with summers averaging 75°F and winters around 31°F. Annual rainfall totals 38 inches spread over roughly 115 days.

Everyday prices in the Springfield, IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.