Housing costs in Olive Branch?
A typical home costs
$62,900, which is 81.4% less expensive than the national average of
$338,100 and 74.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Olive Branch costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 53.7% cheaper than the state average of
$1,260.
Can I afford Olive Branch?
To live comfortably in Olive Branch, Illinois, a minimum annual income of
$11,880 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Olive Branch?
Olive Branch, IL is known for its affordable cost of living, making it a great place to settle down. According to BestPlaces, the city has an overall cost of living index of 83.63 that is just slightly below the national average. Rent prices here are very reasonable, with a one-bedroom apartment in the city center costing about $700 per month and outside of the city center averaging around $600 per month. Groceries are also reasonably priced, with a typical meal for two people at a mid-range restaurant costing around $25. Overall, Olive Branch offers a comfortable and affordable place to live, with all essential services well within reach.