Housing costs in Tower Lakes?
A typical home costs
$500,800, which is 48.1% more expensive than the national average of
$338,100 and 107.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Tower Lakes costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and 41.1% more than the state average of
$1,260.
Can I afford Tower Lakes?
To live comfortably in Tower Lakes, Illinois, a minimum annual income of
$96,120 for a family, and
$74,400 for a single person is recommended.
What does A.I. say about Tower Lakes?
Tower Lakes, IL is a great place to live for those who are looking for an affordable cost of living. There are no major industries in the area, so taxes and living costs tend to be lower than other parts of the state. Housing prices are also lower than average, which makes it easier for people to find an affordable home. The median household income is almost $22,000 higher than the state average. Overall, Tower Lakes offers residents a low cost of living with access to great amenities such as excellent schools and quality healthcare, making it an attractive option for families and individuals alike.