Housing costs in Payson?
A typical home costs
$136,200, which is 59.7% less expensive than the national average of
$338,100 and 43.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Payson costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 44.8% cheaper than the state average of
$1,260.
Can I afford Payson?
To live comfortably in Payson, Illinois, a minimum annual income of
$25,920 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Payson?
The cost of living in Payson, IL is quite reasonable, making it an attractive area to live. The overall cost of living index is estimated to be about 15% lower than the national average, making it a great deal for those on a budget. Housing costs are particularly low as the median home price is estimated to be around $80,000. Property taxes are also relatively low and groceries and health care costs are very competitive compared to other areas. With all these benefits, Payson, IL remains an affordable and desirable place to live in Illinois.