Housing costs in Olive Branch?
A typical home costs
$67,700, which is 80.0% less expensive than the national average of
$338,100 and 72.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Olive Branch costs
$840 per month, which is 33.3% cheaper than the national average of
$1,260 and 3.6% cheaper than the state average of
$870.
Can I afford Olive Branch?
To live comfortably in Olive Branch (zip 62969), Illinois, a minimum annual income of
$12,960 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Olive Branch?
62969 Olive Branch, IL is an affordable place to live in. The cost of living here is 10 percent lower than the national average and 15 percent lower than the state average. Housing prices are relatively low compared to other parts of the state. Renting a one bedroom apartment will cost around $650 per month, while a three bedroom apartment will cost around $850 per month. Utility costs are also reasonable, with an average monthly electricity bill ranging between $80 - $90, and an average monthly gas bill ranging between $60 - $70. Eating out is also more affordable than other parts of the state, with meals costing around $10-$15 at most restaurants.