Housing costs in Morton?
A typical home costs
$233,000, which is 31.1% less expensive than the national average of
$338,100 and 3.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Morton costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 23.5% cheaper than the state average of
$1,260.
Can I afford Morton?
To live comfortably in Morton (zip 61550), Illinois, a minimum annual income of
$44,640 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Morton?
61550 Morton, IL has an average cost of living that is slightly lower than the national average. The median household income in the area is around $68,926, and housing costs make up the largest portion of general expenditures. The median home value in 61550 Morton, IL is approximately $164,100, while the median rent price for a two-bedroom apartment is around $900 per month. Other everyday living expenses such as food and transportation are also generally more affordable compared to other areas in the nation. Overall, 61550 Morton, IL provides an attractive balance between higher incomes and lower costs of living.