Housing costs in Royal Lakes?
A typical home costs
$71,600, which is 78.8% less expensive than the national average of
$338,100 and 70.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Royal Lakes costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 55.6% cheaper than the state average of
$1,260.
Can I afford Royal Lakes?
To live comfortably in Royal Lakes, Illinois, a minimum annual income of
$13,680 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Royal Lakes?
The cost of living in Royal Lakes, IL is relatively low compared to other cities in the region. The median home value is just over $203,000, which makes it a great place for anyone looking for an affordable place to live. Rent prices are also relatively inexpensive; the average two-bedroom apartment costs around $1,400 per month. Additionally, groceries and utilities tend to be cheaper than the national average. Overall, Royal Lakes offers a great quality of life at an affordable price.