Housing costs in Hanover Park?
A typical home costs
$257,600, which is 23.8% less expensive than the national average of
$338,100 and 6.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hanover Park costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 21.7% more than the state average of
$1,260.
Can I afford Hanover Park?
To live comfortably in Hanover Park, Illinois, a minimum annual income of
$49,320 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Hanover Park?
Living in Hanover Park, IL can be quite affordable. The cost of living index is 95.9, which is lower than the national average of 100. Median home prices are around $205,000, which is dramatically lower than some nearby suburban towns. Renters in Hanover Park pay an average of $1,081 for a one-bedroom apartment and $1,322 for a two-bedroom apartment. Groceries and transportation costs are also relatively low compared to those found in other parts of the country. Overall, living in Hanover Park can be a great option for those looking to enjoy all the amenities that the city has to offer without worrying too much about their budget.