Housing costs in Schaumburg?
A typical home costs
$273,100, which is 19.2% less expensive than the national average of
$338,100 and 13.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Schaumburg costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 32.3% more than the state average of
$1,260.
Can I afford Schaumburg?
To live comfortably in Schaumburg, Illinois, a minimum annual income of
$52,200 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Schaumburg?
Schaumburg, Illinois has a cost of living index rating slightly higher than that if the nation at 104 due largely to its relatively high housing costs making up 44%, transportation at 11%, groceries (11%), utilities (7%) and healthcare making up 8%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even below average providing citizens with an overall moderate cost of living compared with almost anywhere else in America whilst having access similar amenities found citywide from whatever municipality they call home.