Housing costs in Payson?
A typical home costs
$129,700, which is 61.6% less expensive than the national average of
$338,100 and 46.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Payson costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 48.2% cheaper than the state average of
$1,260.
Can I afford Payson?
To live comfortably in Payson (zip 62360), Illinois, a minimum annual income of
$24,840 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Payson?
The cost of living in 62360 Payson, IL is relatively low compared to other parts of the country. The median home value is $80,600, which is significantly lower than many other areas. Likewise, the median rent price is just $650 per month, offering a great deal of affordability for local residents. Furthermore, groceries cost 4% less than the national average and utilities are 5% cheaper than the national average. With such low costs associated with housing and everyday essentials, 62360 Payson, IL offers an affordable lifestyle for people who are looking to move to a less expensive area.