Housing costs in Tremont?
A typical home costs
$198,900, which is 41.2% less expensive than the national average of
$338,100 and 17.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Tremont costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Tremont?
To live comfortably in Tremont, Illinois, a minimum annual income of
$38,160 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Tremont?
The cost of living in Tremont, IL is relatively low compared to many other places in the United States. The median home cost in Tremont is $83,100, which is much lower than the average housing costs across the country. Furthermore, goods and services are also moderately priced as evidenced by an overall cost of living index of 82.3, which is 18.7 points lower than the national average. This means that residents enjoy a good quality of life at a more affordable rate than most other areas of the country.