Housing costs in Elmwood Park?
A typical home costs
$293,300, which is 13.3% less expensive than the national average of
$338,100 and 21.3% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Elmwood Park costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 8.0% more than the state average of
$1,260.
Can I afford Elmwood Park?
To live comfortably in Elmwood Park, Illinois, a minimum annual income of
$56,160 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Elmwood Park?
Elmwood Park, IL is an affordable place to live with a wide variety of housing options. The median home value in Elmwood Park is $206,500 with the median rent at $1,196, making it much more affordable than most other cities in Illinois. As a result, the cost of living in Elmwood Park is much lower than other cities in the state and offers many amenities for those looking for an affordable place to call home. Additionally, the city has low taxes and access to quality schools in order to further lower your overall cost of living.