Housing costs in Franklin Park?
A typical home costs
$255,000, which is 24.6% less expensive than the national average of
$338,100 and 5.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Franklin Park costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 12.5% cheaper than the state average of
$1,260.
Can I afford Franklin Park?
To live comfortably in Franklin Park (zip 60131), Illinois, a minimum annual income of
$48,960 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Franklin Park?
The cost of living in 60131 Franklin Park, IL is relatively high compared to the national average. Rent prices are higher than average, with a one-bedroom apartment ranging from around $800-$1000 per month. Groceries and transportation are also slightly more expensive than the national average, but overall it remains quite affordable. Property taxes are also high in this area due to its proximity to Chicago and other nearby suburbs. Despite the higher costs of living, many people still choose to live in 60131 Franklin Park, IL due to its great location and convenient access to local amenities and attractions.