Housing costs in Burr Ridge?
A typical home costs
$430,700, which is 27.4% more expensive than the national average of
$338,100 and 78.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Burr Ridge costs
$1,840 per month, which is 28.7% more than the national average of
$1,430 and 31.5% more than the state average of
$1,260.
Can I afford Burr Ridge?
To live comfortably in Burr Ridge (zip 60527), Illinois, a minimum annual income of
$82,440 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Burr Ridge?
The cost of living in 60527 Burr Ridge, IL is relatively high compared to other parts of the country. The median home value in the area is $786,600, which is more than double the national average of $217,200. Additionally, the median household income in Burr Ridge is around $140,000 – more than three times higher than the nation’s median income of $60,293. As a result, groceries and other daily essentials are more expensive than what people may be used to from other parts of the country. Furthermore, transportation costs are also generally higher due to its proximity to Chicago and other surrounding suburbs. All things considered, Burr Ridge offers an excellent quality of life despite its higher cost of living.