Housing costs in University Park?
A typical home costs
$162,800, which is 51.8% less expensive than the national average of
$338,100 and 32.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in University Park costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford University Park?
To live comfortably in University Park, Illinois, a minimum annual income of
$31,320 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about University Park?
University Park, IL is a great place to live with a cost of living that is very reasonable. The overall cost of living index in University Park is about 10% lower than the national average. Housing costs are particularly low, with an estimated home value of $168,600 and median monthly rent being around $1,009. Additionally, utility bills such as water, electric, natural gas and other services are all much lower than the national average. There is also a wide variety of shopping options in University Park including grocery stores, restaurants, and entertainment venues that offer great deals for residents on a budget. All in all, living in University Park is quite affordable with low housing costs and numerous opportunities to save money on everyday purchases.