Housing costs in Lincolnwood?
A typical home costs
$419,400, which is 24.0% more expensive than the national average of
$338,100 and 73.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lincolnwood costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and 41.9% more than the state average of
$1,260.
Can I afford Lincolnwood?
To live comfortably in Lincolnwood, Illinois, a minimum annual income of
$80,280 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Lincolnwood?
The cost of living in Lincolnwood, IL is slightly higher than the national average, but it is still relatively affordable. According to BestPlaces's Cost of Living Index, it costs around $2,234 a month for an individual to live in this city. This includes housing costs, utilities, food and groceries, transportation, health care and other miscellaneous expenses. Compared to nearby cities such as Chicago and Evanston that can cost upwards of $3,000+ a month for one person to live comfortably, Lincolnwood offers residents an opportunity to experience a suburban lifestyle without breaking the bank.