Housing costs in Palmer?
A typical home costs
$94,500, which is 72.0% less expensive than the national average of
$338,100 and 60.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palmer costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,260.
Can I afford Palmer?
To live comfortably in Palmer, Illinois, a minimum annual income of
$18,000 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Palmer?
The cost of living in Palmer, IL is quite affordable compared to other areas in the United States. The median home value in Palmer is around $109,000, which is much lower than the national average of $231,200. Renters can expect to pay an average of just $715 a month for a two-bedroom apartment. Additionally, groceries and other everyday items are relatively inexpensive in Palmer. It’s possible to get by comfortably on a limited budget in this small town.