Housing costs in Olmsted?
A typical home costs
$91,100, which is 73.1% less expensive than the national average of
$338,100 and 62.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Olmsted 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 Olmsted?
To live comfortably in Olmsted (zip 62970), Illinois, a minimum annual income of
$17,280 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Olmsted?
The cost of living in 62970 Olmsted, IL is extremely affordable. The median home value is $42,200, which is significantly lower than the national average, and the median rental costs are even lower at $638 per month. Additionally, groceries and healthcare costs are below average when compared to other areas in the US. All of these factors mean that 62970 Olmsted, IL has a very low cost of living that makes it an attractive place to live for those looking for an affordable place to call home.