Housing costs in Palos Park?
A typical home costs
$428,200, which is 26.6% more expensive than the national average of
$338,100 and 77.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palos Park 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 Palos Park?
To live comfortably in Palos Park, Illinois, a minimum annual income of
$82,080 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Palos Park?
The cost of living in Palos Park, IL is typically higher than the national average. According to BestPlaces, the cost of living index in Palos Park currently stands at 112.1, which is 12.1% higher than the U.S. average. Housing costs are especially high in the area due to its desirable location and there is a wide range of housing options available from apartments to single-family homes. Other cost of living expenses such as food, healthcare, transportation, and utilities are all slightly above the national averages as well.