Zip 62295 (Valmeyer, IL) Cost of Living


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Valmeyer cost of living score
91
Less expensive
9.0% lower
than the US average
2.9% lower
than the Illinois average
Valmeyer (zip 62295), Illinois gets a BestPlaces Cost of Living score of 91, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.0% lower than the U.S. average and 2.9% higher than the average for Illinois.

Zip 62295 (Valmeyer, IL)

Housing costs in Valmeyer?
A typical home costs $185,500, which is 45.1% less expensive than the national average of $338,100 and 23.3% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Valmeyer costs $1,130 per month, which is 10.3% cheaper than the national average of $1,260 and 12.4% more than the state average of $990.

Can I afford Valmeyer?
To live comfortably in Valmeyer (zip 62295), Illinois, a minimum annual income of $35,640 for a family, and $36,000 for a single person is recommended.

What does A.I. say about Valmeyer?
The cost of living in 62295 Valmeyer, IL is quite reasonable compared to other areas of the country. According to Best Places, the estimated median household income in this zip code is $63,003 which is slightly higher than the US average, and well above the Illinois state average. The median home value in this zip code is also very reasonable at $186,700 which is slightly lower than both the US and Illinois averages. Additionally, the cost of goods and services such as groceries, transportation and healthcare are all slightly lower than the national average. All of these factors make 62295 Valmeyer a great place to live without breaking the bank.
   Cost of living score
     CategoriesValmeyerIllinoisUnited States
  91.093.7100.0
  95.794100
  95.496.9100.0
  57.080.2100.0
  $185,500$241,700$338,100
  98.2%97.7%100.0%
  107.0106.2100.0
  139.6107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime