Housing costs in Grayslake?
A typical home costs
$280,800, which is 16.9% less expensive than the national average of
$338,100 and 16.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Grayslake costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 19.7% more than the state average of
$1,260.
Can I afford Grayslake?
To live comfortably in Grayslake, Illinois, a minimum annual income of
$53,640 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Grayslake?
Grayslake, IL is an affordable place to live. According to the US Census, the median home value in Grayslake is $221,500 and the median gross rent is $1,086. This is significantly lower than in nearby areas such as Chicago and Milwaukee. The cost of living in Grayslake is also quite low. Goods and services are priced competitively, allowing residents to enjoy all that Grayslake has to offer without breaking the bank. Additionally, property taxes are fairly reasonable at around 2%, giving people more money to put toward other living expenses. All in all, living in Grayslake can be quite economical for those on a budget.