Housing costs in Richton Park?
A typical home costs
$200,600, which is 40.7% less expensive than the national average of
$338,100 and 17.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Richton Park costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 9.4% more than the state average of
$1,260.
Can I afford Richton Park?
To live comfortably in Richton Park, Illinois, a minimum annual income of
$38,520 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Richton Park?
Richton Park, IL is an affordable place to live, with a cost of living that is below the national and state average. The median home value in Richton Park is $153,600, significantly lower than the Illinois median of $187,900. Additionally, transportation costs are low when compared to other areas of Illinois due to its proximity to Chicago and other major metropolitan areas. Utilities also tend to be lower than in other parts of the state. When combined with low taxes and affordable groceries, Richton Park offers a great opportunity for those looking for an economical place to live.