Housing costs in Buffalo Grove?
A typical home costs
$355,000, which is 5.0% more expensive than the national average of
$338,100 and 46.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Buffalo Grove costs
$1,990 per month, which is 57.9% more than the national average of
$1,260 and 29.6% more than the state average of
$1,400.
Can I afford Buffalo Grove?
To live comfortably in Buffalo Grove (zip 60089), Illinois, a minimum annual income of
$68,040 for a family, and
$69,200 for a single person is recommended.
What does A.I. say about Buffalo Grove?
The cost of living in 60089 Buffalo Grove, IL is quite high, but compared to other places in the United States it is considered fairly affordable. The median home value in the area is $368,800, and the median household income is around $104,000. The local sales tax rate is 6.25%, among the highest in the Midwest. Additionally, transportation costs are relatively expensive due to a lack of public transportation options. While the cost of living can be high in this area, it's still less expensive than some other parts of the country which makes it an attractive place for people looking to relocate or purchase a home.