Housing costs in Collinsville?
A typical home costs
$158,000, which is 53.3% less expensive than the national average of
$338,100 and 34.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Collinsville costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 24.8% cheaper than the state average of
$1,260.
Can I afford Collinsville?
To live comfortably in Collinsville (zip 62234), Illinois, a minimum annual income of
$30,240 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Collinsville?
The cost of living in 62234 Collinsville, IL is very reasonable. The median home value is $103,400 and the median household income is $44,114, making it an affordable place to live. The overall cost of living index is 90.5, which is lower than the national average of 100. This strong affordability factor offers great value for a suburb outside the bustling city of St. Louis. Food costs are very reasonable as well with groceries costing around 10 percent less than the national average at $3.99 per pound for ground beef and $2.29 per gallon for milk. Additionally, transportation costs are fairly low with a monthly pass on public transportation costing only $45 per month. Overall, 62234 Collinsville, IL has a wonderful balance between affordability and quality of life!