Housing costs in Altamont?
A typical home costs
$139,400, which is 58.8% less expensive than the national average of
$338,100 and 42.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Altamont 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 Altamont?
To live comfortably in Altamont (zip 62411), Illinois, a minimum annual income of
$26,640 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Altamont?
The cost of living in 62411 Altamont, IL is relatively affordable. According to the Council for Community and Economic Research, Altamont's overall cost of living is 13.6% lower than the U.S. average. The median home price is around $49,500, which is much lower than the national average of $184,700. Renting also tends to be more affordable in Altamont, with median rent prices sitting around $617 per month compared to a national average of $949. Other living expenses such as groceries, healthcare, transportation and utilities are all below the national averages as well. Overall, Altamont offers a great balance between affordability and quality of life.