Housing costs in Palmyra?
A typical home costs
$92,200, which is 72.7% less expensive than the national average of
$338,100 and 61.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palmyra costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 57.5% cheaper than the state average of
$1,260.
Can I afford Palmyra?
To live comfortably in Palmyra, Illinois, a minimum annual income of
$17,640 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Palmyra?
Palmyra, IL has an affordable cost of living. The median home price in Palmyra is $105,400, which is much lower than the national average of $217,600. Additionally, the median household income in Palmyra is $73,196 per year which is slightly higher than the U.S. average of $60,293. Also, the cost of living index in Palmyra is 84, which is 16% lower than the U.S. average of 100. All these factors make Palmyra a great place to live with an affordable cost of living compared to other places across the country.