Housing costs in Algonquin?
A typical home costs
$343,400, which is 1.6% more expensive than the national average of
$338,100 and 42.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Algonquin costs
$2,040 per month, which is 61.9% more than the national average of
$1,260 and 31.4% more than the state average of
$1,400.
Can I afford Algonquin?
To live comfortably in Algonquin (zip 60102), Illinois, a minimum annual income of
$65,880 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Algonquin?
The cost of living in 60102 Algonquin, IL is relatively low compared to the national average. According to BestPlaces, the cost of living index for Algonquin is 81, which is 19 points lower than the U.S. average of 100. This means that goods and services are much more affordable than in other parts of the country. The median home value in Algonquin stands at $219,100, which is approximately 9% cheaper than the national median home value of $241,500. In addition, the median household income for Algonquin residents is estimated at $85,193 per year—$7,000 higher than the national average. All these factors make 60102 Algonquin, IL an attractive place to live for families looking for an affordable lifestyle without sacrificing quality of life.