Housing costs in Olney?
A typical home costs
$102,900, which is 69.6% less expensive than the national average of
$338,100 and 57.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Olney costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 65.8% cheaper than the state average of
$1,260.
Can I afford Olney?
To live comfortably in Olney, Illinois, a minimum annual income of
$19,800 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Olney?
The cost of living in Olney, IL is relatively low compared to many other areas across the US. The median home value for single-family homes in Olney is just over $72,500, which is much lower than the national average of approximately $200,000. Additionally, the median household income is slightly above the state's average at around $49,000 per year. There are also plenty of affordable housing options including apartments and townhomes ranging from small to large sizes. In addition to low home values and rent prices, there are also inexpensive grocery stores and restaurants in the area that offer quality goods and services at reasonable prices. All of these factors taken together make Olney a great place for those looking for an affordable lifestyle without sacrificing quality of life.