Housing costs in Schaumburg?
A typical home costs
$298,600, which is 11.7% less expensive than the national average of
$338,100 and 23.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Schaumburg costs
$1,910 per month, which is 51.6% more than the national average of
$1,260 and 26.7% more than the state average of
$1,400.
Can I afford Schaumburg?
To live comfortably in Schaumburg (zip 60173), Illinois, a minimum annual income of
$57,240 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Schaumburg?
The cost of living in Schaumburg, IL (zip code 60173) is slightly higher than the national average. According to the most recent data from BestPlaces, the cost of living index for this area is 112.1 with a rent index of 114.5. This means that rental prices are higher than the national average and that other goods and services are also more expensive in comparison. The median home price here is $363,408 which is much higher than the national median of approximately $225,000. For those looking for affordable housing options, there are some low-cost apartments in the area but they tend to be few and far between when compared to more expensive homes and rentals that dominate the city's real estate market.