Housing costs in Algonquin?
A typical home costs
$331,600, which is 1.9% less expensive than the national average of
$338,100 and 37.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Algonquin costs
$2,070 per month, which is 44.8% more than the national average of
$1,430 and 39.1% more than the state average of
$1,260.
Can I afford Algonquin?
To live comfortably in Algonquin, Illinois, a minimum annual income of
$63,360 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Algonquin?
Algonquin, IL is an affordable place to live compared to other towns in the area. The median home value is $229,225, and the median household income is around $75,000. Rent for a one-bedroom apartment averages around $900 per month while two and three bedroom apartments can range between $1000-1400 per month. Utilities can range from around $80-$150 depending on the size of your home or apartment. Groceries and other costs are relatively low in Algonquin, IL compared to most other cities and towns in Illinois. This makes Algonquin a great option for those looking for an affordable place to live without sacrificing quality of life.