Housing costs in Hanover Park?
A typical home costs
$249,400, which is 26.2% less expensive than the national average of
$338,100 and 3.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Hanover Park costs
$1,540 per month, which is 22.2% more than the national average of
$1,260 and 9.1% more than the state average of
$1,400.
Can I afford Hanover Park?
To live comfortably in Hanover Park (zip 60133), Illinois, a minimum annual income of
$47,880 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Hanover Park?
The cost of living in Hanover Park, IL is slightly higher than the national average. The median home value for this area is about $196,200, which is higher than the Illinois state average. The median household income is on par with the national average but slightly lower than the state average. With an unemployment rate of 4.4%, it's clear that many people in this area are employed and able to afford the costs associated with living in Hanover Park. Renters have options too – median rent prices in 60133 range from $1,000 to 1,500 per month for a one bedroom apartment and $1,400 to 2,000 per month for two-bedrooms. All things considered, Hanover Park offers a good balance between affordability and access to amenities for its residents.