Housing costs in Alma?
A typical home costs
$57,300, which is 83.1% less expensive than the national average of
$338,100 and 76.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Alma costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 63.6% cheaper than the state average of
$1,260.
Can I afford Alma?
To live comfortably in Alma, Illinois, a minimum annual income of
$10,800 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Alma?
The cost of living in Alma, IL is relatively low compared to the national average. According to the most recent data, the median home value in Alma is around $92,400 and the median household income is around $44,196. This makes it an affordable place to live for families or young professionals. The overall cost of living index for Alma is below the national average and grocery and housing costs are particularly low. As a result, residents can enjoy a high quality of life without breaking their budgets.