Housing costs in Woodlawn?
A typical home costs
$161,300, which is 52.3% less expensive than the national average of
$338,100 and 33.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Woodlawn costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 53.7% cheaper than the state average of
$1,260.
Can I afford Woodlawn?
To live comfortably in Woodlawn, Illinois, a minimum annual income of
$30,960 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Woodlawn?
The cost of living in Woodlawn, IL is quite affordable compared to other surrounding areas. The median home value is $69,855, which is significantly lower than the national median of $184,700. In addition to the relatively low housing costs, overall expenses such as transportation and utilities are also much lower than in other cities and towns. According to BestPlaces.net, the cost of living index for Woodlawn is 87.3, which is below the national average of 100. This means that goods and services here are 13% less expensive than they would be in a city with an index of 100. With its affordable housing prices and low cost of living index, Woodlawn offers a great place to live for those on a budget.