Housing costs in Malden?
A typical home costs
$94,600, which is 72.0% less expensive than the national average of
$338,100 and 60.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Malden costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 68.0% cheaper than the state average of
$1,260.
Can I afford Malden?
To live comfortably in Malden, Illinois, a minimum annual income of
$18,000 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Malden?
The cost of living in Malden, IL is reasonable, with the average home price estimated to be around $77,744. The overall cost of living index is estimated to be 89, which is 11% lower than the national average. Although housing costs are relatively low, other expenses such as groceries and utilities may be slightly higher than average due to the small town atmosphere. Despite this, it is still possible to maintain a comfortable lifestyle in Malden for a fraction of what it would cost elsewhere.