Housing costs in Granite City?
A typical home costs
$100,600, which is 70.2% less expensive than the national average of
$338,100 and 58.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Granite City costs
$830 per month, which is 34.1% cheaper than the national average of
$1,260 and 19.3% cheaper than the state average of
$990.
Can I afford Granite City?
To live comfortably in Granite City (zip 62040), Illinois, a minimum annual income of
$19,440 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Granite City?
The cost of living in 62040 Granite City, IL is relatively low compared to other areas. The median household income is just under $45,000 and the cost of housing is quite affordable. Renters can expect to pay an average of $730 per month for a one-bedroom apartment, while homeowners can find a median home price of around $78,500. Additionally, groceries are very reasonable with the average grocery bill coming in at around $450 per month for a single person or family. All in all, living in Granite City is quite affordable and offers its residents plenty of economic opportunities.