Housing costs in Palatine?
A typical home costs
$305,600, which is 9.6% less expensive than the national average of
$338,100 and 26.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palatine costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 21.3% more than the state average of
$1,260.
Can I afford Palatine?
To live comfortably in Palatine, Illinois, a minimum annual income of
$58,680 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Palatine?
Palatine, Illinois has a cost of living index rating slightly higher than that if the nation at 101 due mostly to its moderately high housing costs making up 35%, transportation at 13%, groceries (10%), utilities (8%) and healthcare making up 8%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even above average providing citizens with an overall reasonable cost of living compared with almost everywhere else in America while still affording them access to city amenities like cultural centers, recreational facilities and educational institutes.