Housing costs in Addison?
A typical home costs
$294,300, which is 13.0% less expensive than the national average of
$338,100 and 21.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Addison costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 3.8% more than the state average of
$1,260.
Can I afford Addison?
To live comfortably in Addison, Illinois, a minimum annual income of
$56,520 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Addison?
The cost of living in Addison, IL is slightly higher than the national average. Housing costs are around 15% higher than the national average, and transportation costs are about 10% above the national average. The overall cost of living index for Addison is 103.4, which is 3.4 higher than the US average. The cost of healthcare is also slightly above average, but grocery and utilities costs are right in line with the national averages. Overall, Addison has an affordable cost of living relative to many other areas of Illinois and the rest of the United States.