Housing costs in Addison?
A typical home costs
$288,600, which is 14.6% less expensive than the national average of
$338,100 and 19.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Addison costs
$1,280 per month, which is 1.6% more than the national average of
$1,260 and 9.4% cheaper than the state average of
$1,400.
Can I afford Addison?
To live comfortably in Addison (zip 60101), Illinois, a minimum annual income of
$55,440 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Addison?
The cost of living in 60101 Addison, IL is relatively high when compared to other areas of the US. The median home price in this area is $318,200, which is significantly higher than the national average of around $200,000. Renting can also be expensive in this area, with the median rental rate hovering around $1,900 per month. Additionally, goods and services tend to be more costly here due to its proximity to Chicago and other major metropolitan areas. All in all, 60101 Addison may not be ideal for those on a tight budget but it does offer its residents access to a wide range of amenities and employment opportunities that make it an attractive place to live.