Housing costs in Alexander?
A typical home costs
$125,600, which is 62.9% less expensive than the national average of
$338,100 and 48.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Alexander 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 Alexander?
To live comfortably in Alexander (zip 62601), Illinois, a minimum annual income of
$24,120 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Alexander?
In 62601 Alexander, IL, the cost of living is quite reasonable compared to the national average. The average home costs around $85,000 with an estimated monthly mortgage payment of approximately $500. The median household income in this area is $53,937 and the median rent is just over $700 per month. The unemployment rate in Alexander is among the lowest in the state at 4%. Groceries are also relatively inexpensive with a full meal price tag averaging around $13 for a family of four. There are also several large chain retailers located nearby where you can find most of your shopping needs while still staying within budget. All in all, the cost of living in 62601 Alexander, IL is quite affordable and makes it an attractive place to live for anyone looking for a more budget-friendly lifestyle.