Housing costs in Morton?
A typical home costs
$225,500, which is 33.3% less expensive than the national average of
$338,100 and 6.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Morton costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 20.0% cheaper than the state average of
$1,260.
Can I afford Morton?
To live comfortably in Morton, Illinois, a minimum annual income of
$43,200 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Morton?
The cost of living in Morton, IL is relatively low compared to other cities in the US. The median home value in Morton is $163,800 and the median rent is only $820 per month. This means that you can get a lot more for your money than you would in many other places around the country. Additionally, the average electric bill for a one bedroom apartment is just $81 per month, making it an affordable place to live even on a tight budget. There are plenty of affordable grocery stores and restaurants as well, and property taxes are much lower than many other areas of the country. All these factors contribute to make Morton an attractive option for those looking for an affordable place to call home.