Housing costs in Downers Grove?
A typical home costs
$374,500, which is 10.8% more expensive than the national average of
$338,100 and 54.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Downers Grove costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and 25.4% more than the state average of
$1,260.
Can I afford Downers Grove?
To live comfortably in Downers Grove (zip 60516), Illinois, a minimum annual income of
$71,640 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Downers Grove?
The cost of living in 60516 Downers Grove, IL is higher than the national average, with housing costs being the largest factor. The median home price in this zip code is $402,941, which is significantly higher than the median home price for the US as a whole ($231,200). Renting also tends to be more expensive in this area with an average rent of $1,282 for a one bedroom apartment. Other costs of living such as food and transportation are slightly above the national averages. Overall, 60516 Downers Grove, IL has a high cost of living compared to other areas of the country.