Housing costs in Glenwood?
A typical home costs
$183,500, which is 45.7% less expensive than the national average of
$338,100 and 24.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Glenwood costs
$1,740 per month, which is 38.1% more than the national average of
$1,260 and 19.5% more than the state average of
$1,400.
Can I afford Glenwood?
To live comfortably in Glenwood (zip 60425), Illinois, a minimum annual income of
$35,280 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Glenwood?
The cost of living in 60425 Glenwood, IL is quite affordable. The overall cost of living index is 83.3, which is lower than the national average of 100. This makes it an attractive place for families looking for a low-cost place to call home. Housing costs are also relatively affordable compared to other places in the state, with a median home price of $193,100. Despite this, Glenwood has much to offer its residents; there are several schools and parks nearby, as well as a vibrant downtown area filled with restaurants and shops. All in all, Glenwood offers a great quality of life at an affordable price.