Housing costs in Malta?
A typical home costs
$199,300, which is 41.1% less expensive than the national average of
$338,100 and 17.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Malta costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$1,260.
Can I afford Malta?
To live comfortably in Malta, Illinois, a minimum annual income of
$38,160 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Malta?
The cost of living in Malta, IL is relatively affordable compared to other cities. According to the most recent data from the US Bureau of Labor Statistics, the median home value in Malta is $122,400 and the median monthly rent is just $784. Utilities are also lower than the national average, making it an attractive option for those looking to save money while living comfortably. Additionally, food prices tend to be on the lower side as compared to other cities due to its proximity to some larger cities with more competitive markets. Overall, Malta offers a pleasant balance between affordability and convenience that many people find appealing.