Wednesday, March 24, 2010

Price per acre comparison to buy Illinois

Going off the last post, I also was intrigued at the price of land per acre mentioned in the reading. I just messed around with some data and wanted to see the price difference in buying the state of Illinois. Illinois is 57,918 square miles which is equivalent to 37,067,520 acres. At the price of $2 per acre when applied to Illinois, the entire state would have cost $74,135,040. At the price of $5,000 per acre in 2008, according to LandsofAmerica.com, the state of Illinois would have cost $185,337,600,000. Clearly it would have been a brighter idea to purchase Illinois at $2 per acre!

1 comment:

  1. Yes, it would be a graete idea, but it is to late now. Check some of the prices in Texas at http://www.primeranchland.com/

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