Housing costs in Lakewood?
A typical home costs
$467,200, which is 38.2% more expensive than the national average of
$338,100 and 93.3% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lakewood costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 16.6% more than the state average of
$1,260.
Can I afford Lakewood?
To live comfortably in Lakewood, Illinois, a minimum annual income of
$89,640 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in Lakewood, IL is relatively low compared to other parts of the country. The median home price is around $165,000, which is substantially lower than the national average. Additionally, utilities are fairly affordable and the sales tax rate is only 6.25%. There are also many great dining options in town that offer inexpensive meals for those on a budget. All in all, Lakewood provides an affordable option for those looking for a place to live without breaking their bank account.