Easy, Affordable Lifestyle
AFFORDABLE, RELAXED LIFESTYLE
We get it. You want to live in a vibrant, culture-rich city abundant with talent, but you’re sick of eating ramen noodles in your studio apartment with four roommates. In Champaign-Urbana, we enjoy lower prices on everything from food to transportation — the cost of living is more than 10 percent below national average (according to Forbes).
Make your old roommates jealous with our affordable housing. A CNBC article reported that the “average price of a house bought in San Francisco rose by $205,000 in the first half of 2018, the largest six-month increase in history,” bringing the average house price in the city to $1.62 million. Looking to economize with something more affordable like a condo? Those have seen slower price increases and have an average price of only $1.21 million.
Here in the Champaign area, recent market stats (available at https://bit.ly/2MV3NLP) show that the median home price increased 5.9% in May 2018, compared against the same month a year earlier, all the way up to . . . wait for it . . . $158,000!
Here’s what local realtor Matt Difanis has to say about it:
“Look, I love the City by the Bay, but I could fly there every month–FIRST CLASS!–and spend a week in an upscale hotel with a lavish meal budget for the difference in monthly mortgage payments on a $1.62 million home there versus a $250,000 home here.”
LESS COMMUTING, MORE TIME FOR YOU
Cut down on gas, too, with an average 14 minute commute time that’s significantly less than the 25.5 national average, according to the U.S. Census Bureau. In Silicon Valley, more than 50 percent of commuters have a travel time of more than 90 minutes each way. Just think of all you could do with that extra time and money.
PUBLIC TRANSIT GALORE
If you prefer, sit back and relax on your commute in Champaign-Urbana, and let someone else do the driving. Each year, more than 12 million rides are handled by the Champaign-Urbana Mass Transit District (MTD). To put this in perspective, fellow Midwest cities Nashville and Indianapolis (both substantially bigger) provide approximately 10 million rides each year. With 100 percent of the fleet equipped with bike racks, riding MTD is an easy choice.
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