Housing costs in Elwood?
A typical home costs
$243,100, which is 28.1% less expensive than the national average of
$338,100 and 0.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Elwood costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford Elwood?
To live comfortably in Elwood (zip 60421), Illinois, a minimum annual income of
$46,440 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Elwood?
The cost of living in 60421 Elwood, IL is quite reasonable. The median home value is around $148,500, with the median household income being $56,836. This allows for many families to live comfortably in the area without having to worry about financial strain. Additionally, the average cost of living is close to the national average and taxes are relatively low. This makes it an attractive option for people looking to move to a lower cost of living area while still enjoying all of the benefits that come with living in rural Illinois.