Housing costs in Glenarm?
A typical home costs
$279,500, which is 17.3% less expensive than the national average of
$338,100 and 15.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Glenarm 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 Glenarm?
To live comfortably in Glenarm (zip 62536), Illinois, a minimum annual income of
$53,640 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Glenarm?
The cost of living in 62536 Glenarm, IL is very affordable. According to Sperling's Best Places, the median home cost in Glenarm is $117,600, and the median rent is just $485 per month. The overall cost of living index for this area is 81.9 which is much lower than the national average of 100. Combined with a low unemployment rate of 4%, Glenarm offers a great value when it comes to living expenses. In addition to housing costs, groceries are also reasonably priced in Glenarm with an index score of 87 compared to the national average. All in all, people looking for a low-cost place to live should certainly consider 62536 Glenarm, IL.