Housing costs in Mounds?
A typical home costs
$59,200, which is 82.5% less expensive than the national average of
$338,100 and 75.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mounds costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Mounds?
To live comfortably in Mounds, Illinois, a minimum annual income of
$11,520 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Mounds?
The cost of living in Mounds, IL is relatively low compared to other cities in the United States. According to BestPlaces, the cost of living index for Mounds is 81, which is 19 points lower than the national average. The cost of housing in Mounds is particularly favorable with a median home price of $63,400 and a rental rate of $599 per month. Additionally, the overall tax rate for Mounds is just 6.5%, making it one of the more affordable places to live in Illinois. With relatively low prices on food and transportation as well, those looking to settle down here will find that their money will go much further than in many other places across the country.