Housing costs in Morton Grove?
A typical home costs
$356,300, which is 5.4% more expensive than the national average of
$338,100 and 47.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Morton Grove costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and 41.1% more than the state average of
$1,260.
Can I afford Morton Grove?
To live comfortably in Morton Grove, Illinois, a minimum annual income of
$68,400 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Morton Grove?
The cost of living in Morton Grove, IL is generally considered to be quite reasonable. According to a recent survey by the Economic Policy Institute, the area has a cost of living index at 98.7 which indicates that overall expenses are lower than the national average. Housing costs account for a large portion of this as the median home price in Morton Grove is around $245,000 with rent for a two-bedroom apartment averaging around $1,500 per month. In addition, other everyday expenses such as groceries and utilities are also lower than other parts of the country, making Morton Grove an attractive place to live for those looking to save money while still enjoying all that the city has to offer.