Housing costs in Mount Olive?
A typical home costs
$80,900, which is 76.1% less expensive than the national average of
$338,100 and 66.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mount Olive costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 55.6% cheaper than the state average of
$1,260.
Can I afford Mount Olive?
To live comfortably in Mount Olive (zip 62069), Illinois, a minimum annual income of
$15,480 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Mount Olive?
The cost of living in Mount Olive, IL 62069 is quite affordable. The overall cost of living index for the area is about 86, which is 14% lower than the U.S. average. Housing costs are among the lowest in the state, with a median home price of $85,900. Property taxes are also quite low, with an effective rate of 0.86%. The area has great shopping options and many restaurants to choose from. Groceries and other essential items are reasonably priced, allowing residents to stretch their dollar even further. All in all, living in Mount Olive, IL 62069 is very affordable and offers good value for money!