Housing costs in Homewood?
A typical home costs
$225,600, which is 33.3% less expensive than the national average of
$338,100 and 6.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Homewood costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 10.0% more than the state average of
$1,260.
Can I afford Homewood?
To live comfortably in Homewood, Illinois, a minimum annual income of
$43,200 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Homewood?
Homewood, IL is an affordable place to live. The cost of living in the area is slightly below the national average according to the US Census Bureau, making it a great option for those looking for an affordable location to call home. It is also convenient to many amenities such as grocery stores, restaurants, and other services. Additionally, housing prices are relatively low compared to other areas in the region. With all this in mind, Homewood IL is an ideal place to live for people wanting a reasonable cost of living without sacrificing quality of life.