Housing costs in Malta?
A typical home costs
$211,600, which is 37.4% less expensive than the national average of
$338,100 and 12.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Malta costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 9.6% cheaper than the state average of
$1,260.
Can I afford Malta?
To live comfortably in Malta (zip 60150), Illinois, a minimum annual income of
$40,680 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Malta?
The cost of living in 60150 Malta, IL is relatively low compared to the national average. According to Best Places, the median household income in 2017 was $55,517 with a poverty rate of 12.3%. The median home price is $146,700 and cost of living is 18% lower than the U.S. average. Groceries are also cheaper than the national average by 4%, while utilities are only 1% higher than the national average. Overall, 60150 Malta has an affordable cost of living which makes it an attractive place for those looking for a comfortable place to live on a budget.