Housing costs in Mount Prospect?
A typical home costs
$341,400, which is 1.0% more expensive than the national average of
$338,100 and 41.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mount Prospect costs
$1,560 per month, which is 23.8% more than the national average of
$1,260 and 10.3% more than the state average of
$1,400.
Can I afford Mount Prospect?
To live comfortably in Mount Prospect (zip 60056), Illinois, a minimum annual income of
$65,520 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Mount Prospect?
The cost of living in 60056 Mount Prospect, IL is typically higher than the national average. The median home price in the area is approximately $298,800, which is relatively high compared to other parts of the country. Additionally, monthly costs such as groceries and utilities tend to be more expensive than the United States average. Despite this, the area offers a great quality of life with plenty of amenities and access to highly rated schools and public services. In conclusion, those looking for an area with a higher cost of living should look into 60056 Mount Prospect, IL.