Housing costs in Franklin Park?
A typical home costs
$264,500, which is 21.8% less expensive than the national average of
$338,100 and 9.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Franklin Park costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 14.5% cheaper than the state average of
$1,260.
Can I afford Franklin Park?
To live comfortably in Franklin Park, Illinois, a minimum annual income of
$50,760 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Franklin Park?
Franklin Park, IL is an affordable place to live. The cost of living is 12% lower than the national average, making it a great alternative for those looking for a cheaper cost of living. Housing costs are extremely low compared to other places in the country. The median home price in Franklin Park is just over $200,000, and you can rent an apartment or house for much less than that. Utilities are also cheaper, with monthly bills typically amounting to significantly less than the national average. Groceries and basic necessities are generally priced on par with the national average, giving residents of Franklin Park access to competitive prices without sacrificing quality or selection.