Housing costs in Lynwood?
A typical home costs
$233,900, which is 30.8% less expensive than the national average of
$338,100 and 3.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lynwood costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 4.1% cheaper than the state average of
$1,260.
Can I afford Lynwood?
To live comfortably in Lynwood, Illinois, a minimum annual income of
$44,640 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Lynwood?
The cost of living in Lynwood, IL is quite reasonable compared to other cities in Illinois. The average home price in Lynwood is around $144,968, making it one of the more affordable cities for a family or individual to purchase a home. Additionally, groceries and utilities tend to be cheaper than the national average. Renters will find that the current median rent for an apartment or house in Lynwood is about $1,180 per month. There are also plenty of options available for shopping and dining out at prices that won't break the bank. All things considered, living in Lynwood can be very affordable.