Housing costs in Frankfort?
A typical home costs
$401,000, which is 18.6% more expensive than the national average of
$338,100 and 65.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Frankfort costs
$1,560 per month, which is 9.1% more than the national average of
$1,430 and 19.2% more than the state average of
$1,260.
Can I afford Frankfort?
To live comfortably in Frankfort (zip 60423), Illinois, a minimum annual income of
$76,680 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Frankfort?
The cost of living in 60423 Frankfort, IL is quite reasonable. According to the Sperling’s Best Places Cost of Living Index, the overall cost of living in 60423 Frankfort is 11% lower than the national average. Groceries, housing, utilities, transportation, and health care costs are all below the national average in 60423 Frankfort. The median home value for this area is around $244,700 with a cost of living index score of 97.5. Residents here enjoy low taxes and affordable housing costs compared to other cities which makes it an attractive place to live.