Housing costs in Calumet Park?
A typical home costs
$142,500, which is 57.9% less expensive than the national average of
$338,100 and 41.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Calumet Park costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 8.6% cheaper than the state average of
$1,260.
Can I afford Calumet Park?
To live comfortably in Calumet Park, Illinois, a minimum annual income of
$27,360 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Calumet Park?
Calumet Park, IL has a reasonable cost of living in comparison to other cities in the state. The median home value is $111,500 and the median rent is $820 per month. Groceries are slightly lower than the national average, while utilities and transportation costs are slightly higher. Prices for goods and services are generally around 8% cheaper than the national average. The overall cost of living index is 89.3, which means that it is 10.7% cheaper than the rest of the United States. Overall, Calumet Park offers a good balance between affordability and quality of life for its residents.