Housing costs in Homewood?
A typical home costs
$218,500, which is 35.4% less expensive than the national average of
$338,100 and 9.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Homewood costs
$1,380 per month, which is 9.5% more than the national average of
$1,260 and close to the state average of
$1,400.
Can I afford Homewood?
To live comfortably in Homewood (zip 60430), Illinois, a minimum annual income of
$41,760 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Homewood?
The cost of living in 60430 Homewood, IL is slightly above the national average according to recent data. Rent and housing prices are on par with other cities in the area, though they can be higher depending on the neighborhood and amenities offered. The price of groceries is also higher than the national average as well as transportation costs. However, the overall cost of living does vary depending on an individual's lifestyle so it may still be an affordable option for many people.