Housing costs in Milton?
A typical home costs
$80,500, which is 76.2% less expensive than the national average of
$338,100 and 66.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Milton costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Milton?
To live comfortably in Milton, Illinois, a minimum annual income of
$15,480 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Milton?
The cost of living in Milton, IL is relatively low compared to other parts of the state. The median home value is $125,500 which is significantly lower than other nearby cities, and the median household income is $51,741. Additionally, groceries are 16% lower than the national average, transportation costs are 13% lower and utilities are 8% lower. Milton also offers plenty of affordable housing options as well as a variety of restaurants to suit any budget. All these factors help make Milton an attractive place for new residents looking to save money while still enjoying all that life has to offer.