Housing costs in East St. Louis?
A typical home costs
$50,500, which is 85.1% less expensive than the national average of
$338,100 and 79.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in East St. Louis costs
$890 per month, which is 29.4% cheaper than the national average of
$1,260 and 11.2% cheaper than the state average of
$990.
Can I afford East St. Louis?
To live comfortably in East St. Louis (zip 62204), Illinois, a minimum annual income of
$9,720 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about East St. Louis?
The cost of living in East St. Louis, IL 62204 is relatively low compared to other areas. According to Best Places, the cost of living index for this area is only 79.3 compared to the national average of 100. This means that goods and services are 19.7 percent lower than average throughout the U.S., allowing residents to stretch their budget further and enjoy a higher quality of life with fewer financial worries. Housing costs are particularly affordable in East St. Louis, with median home values at $25,900 and median rental prices at $580 per month – both significantly lower than national averages. Additionally, the state has several tax incentives available for working families, further decreasing the cost of day-to-day expenses while increasing household income potential.