Housing costs in Mounds?
A typical home costs
$61,200, which is 81.9% less expensive than the national average of
$338,100 and 74.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mounds costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,260.
Can I afford Mounds?
To live comfortably in Mounds (zip 62964), Illinois, a minimum annual income of
$11,880 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Mounds?
The cost of living in 62964 Mounds, IL is quite affordable, with the median home price being around $86,000. Rent prices are also quite reasonable ranging from $500-$750 per month for a single bedroom apartment or studio. The area has a low unemployment rate and stable job market which helps ensure the affordability of living expenses in the area. Additionally, local taxes are very low, which helps keep overall costs down. In terms of groceries and dining out, there are a variety of options available that suit different budgets. All in all, 62964 Mounds is a great place to live due to its affordable cost of living!