Housing costs in Lakemoor?
A typical home costs
$222,400, which is 34.2% less expensive than the national average of
$338,100 and 8.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lakemoor costs
$1,650 per month, which is 15.4% more than the national average of
$1,430 and 23.6% more than the state average of
$1,260.
Can I afford Lakemoor?
To live comfortably in Lakemoor, Illinois, a minimum annual income of
$42,480 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Lakemoor?
The cost of living in Lakemoor, IL is relatively low compared to the national average. According to the Cost of Living Index, Lakemoor’s cost of living is 7.5% lower than the U.S. overall, making it a very affordable place to live. The median home price in Lakemoor is around $164,000 which is significantly lower than nearby cities like Chicago and Milwaukee. These low prices make it possible for people of all income levels to enjoy the conveniences and amenities that come with living in a larger city while still benefiting from the more relaxed feel of small-town life. Additionally, taxes are significantly lower in Lakemoor than other parts of Illinois and Wisconsin, further contributing to its affordability and appeal.