Housing costs in Medinah?
A typical home costs
$425,400, which is 25.8% more expensive than the national average of
$338,100 and 76.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Medinah costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and 27.2% more than the state average of
$1,260.
Can I afford Medinah?
To live comfortably in Medinah (zip 60157), Illinois, a minimum annual income of
$81,360 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about Medinah?
The cost of living in 60157 Medinah, IL is quite reasonable compared to other cities in the United States. The median home value is about $530,000, which is lower than the national median of $231,200. The median rent costs around $1,850 per month and is also lower than the national average. Groceries and utilities also tend to be cheaper in Medinah compared to larger cities. Additionally, taxes are relatively low for property owners and renters alike. All of these factors combine together to make 60157 an affordable place to live for most people.