Zip 62359 (Paloma, IL) Cost of Living


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United States / Illinois / Quincy Metro Area / Adams County / No City / Paloma (zip 62359)
How much do I need to live in Paloma, Illinois?
$2,010 / month
for a family, 62.8% less expensive than the national average A total of $24,120 for the year for a family.
$2,067 / month
for a single person, 56.6% less expensive than the national average A total of $24,800 for the year for a single person.

Paloma cost of living score
77.1
Less expensive
22.9% lower
than the US average
17.7% lower
than the Illinois average
Paloma (zip 62359), Illinois gets a BestPlaces Cost of Living score of 77.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.9% lower than the U.S. average and 17.7% higher than the average for Illinois.

Zip 62359 (Paloma, IL)

Housing costs in Paloma?
A typical home costs $125,900, which is 62.8% less expensive than the national average of $338,100 and 47.9% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Paloma costs $820 per month, which is 42.7% cheaper than the national average of $1,430 and 53.7% cheaper than the state average of $1,260.

Can I afford Paloma?
To live comfortably in Paloma (zip 62359), Illinois, a minimum annual income of $24,120 for a family, and $24,800 for a single person is recommended.

What does A.I. say about Paloma?
Living in 62359 Paloma, IL is relatively affordable. The median home cost is around $92,600, which is lower than the national average. Transportation costs are also low; the average cost of a gallon of gas in the area is just under $2.50. Utilities like electricity, heating oil, and natural gas are all well below the national averages making them very affordable for residents. Overall, living in 62359 Paloma, IL provides an excellent quality of life without breaking the bank.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesPalomaIllinoisUnited States
    Unlock93.7100.0
  91.7  Unlock100.0
    Unlock96.9100.0
  39.5  Unlock100.0
    Unlock$241,700$338,100
  98.9  Unlock100.0
    Unlock106.2100.0
  111.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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