Housing costs in Highwood?
A typical home costs
$353,400, which is 4.5% more expensive than the national average of
$338,100 and 46.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Highwood costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 22.2% more than the state average of
$1,260.
Can I afford Highwood?
To live comfortably in Highwood (zip 60040), Illinois, a minimum annual income of
$67,680 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Highwood?
The cost of living in 60040 Highwood, IL is quite expensive compared to other places in the country. The median home value in this area is $471,288, nearly twice the national average, and the median rent price for a two-bedroom apartment is $1,374 per month. Additionally, the overall cost of groceries and other goods and services is significantly higher than most areas in the nation as well. Therefore, it can be difficult to live comfortably on a budget in this city without proper planning. Although there are many benefits to living in Highwood such as the low crime rate and close proximity to Chicago, it is important to keep these high costs of living in mind when considering a move to this area.