Housing costs in Vernon Hills?
A typical home costs
$356,100, which is 5.3% more expensive than the national average of
$338,100 and 47.3% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Vernon Hills costs
$1,900 per month, which is 32.9% more than the national average of
$1,430 and 33.7% more than the state average of
$1,260.
Can I afford Vernon Hills?
To live comfortably in Vernon Hills, Illinois, a minimum annual income of
$68,400 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Vernon Hills?
Vernon Hills, IL is a fairly affluent suburb located in Lake County, just north of Chicago. As such, the cost of living in Vernon Hills is slightly higher than that of the national average. The median home cost in Vernon Hills is around $400,000 which significantly outpaces the median home value for Illinois as a whole, and it's not uncommon to find homes with prices exceeding $1 million. Additionally, the cost of goods and services in Vernon Hills tends to be higher than other places in the area due to its proximity to Chicago. While not as expensive as some nearby communities such as Glenview and Highland Park, those looking for an affordable suburb should understand that Vernon Hills' cost of living is still quite high compared to many other parts of the state.