Housing costs in Lockport?
A typical home costs
$300,200, which is 11.2% less expensive than the national average of
$338,100 and 24.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lockport costs
$1,560 per month, which is 9.1% more than the national average of
$1,430 and 19.2% more than the state average of
$1,260.
Can I afford Lockport?
To live comfortably in Lockport, Illinois, a minimum annual income of
$57,600 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Lockport?
The cost of living in Lockport, IL is relatively low compared to other cities and towns in the United States. According to a recent survey, the overall cost of living index in Lockport is 97, which is 3% lower than the US average. This makes it a great place for people who are looking for an affordable place to live and work. Rent prices tend to be quite affordable as well, with the median rent for a one-bedroom apartment sitting at around $740 per month. Additionally, groceries and other basic needs are reasonably priced, making it easy to keep costs low when living in Lockport.