Housing costs in East Alton?
A typical home costs
$113,700, which is 66.4% less expensive than the national average of
$338,100 and 53.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in East Alton costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford East Alton?
To live comfortably in East Alton (zip 62024), Illinois, a minimum annual income of
$21,960 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about East Alton?
62024 East Alton, IL has an overall cost of living that is slightly below the national average. Housing costs are particularly affordable, with a median home value around $119,300 and monthly rent costs averaging around $840. Income levels are slightly lower than the national average, but residents of this charming small town benefit from low taxes on gasoline and alcoholic beverages. The cost of food in 62024 East Alton is also modest when compared to the rest of the country, with groceries costing 3% less than the national average. With relatively low costs for housing and food, plus its proximity to St. Louis and other major cities in the region, 62024 East Alton can be an attractive place to live for those looking for a more budget-friendly lifestyle.