Housing costs in Grand Tower?
A typical home costs
$60,300, which is 82.2% less expensive than the national average of
$338,100 and 75.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Grand Tower costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 61.5% cheaper than the state average of
$1,260.
Can I afford Grand Tower?
To live comfortably in Grand Tower (zip 62942), Illinois, a minimum annual income of
$11,520 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Grand Tower?
The cost of living in 62942 Grand Tower, IL is quite reasonable. The median home value in the area is $152,400, which is slightly below the national median home value of $231,200. Renters will find that rent is also quite affordable in 62942 Grand Tower, IL with a median rental rate of $812 per month. Prices at the grocery store and local markets are also competitive with other areas, making it a great place to live for those on a tight budget. There are some amenities in the area that may put an additional strain on budgets such as higher gas prices than average but overall, the cost of living in 62942 Grand Tower, IL is quite manageable.