Housing costs in Lake Forest?
A typical home costs
$897,000, which is 165.3% more expensive than the national average of
$338,100 and 271.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lake Forest costs
$2,100 per month, which is 66.7% more than the national average of
$1,260 and 33.3% more than the state average of
$1,400.
Can I afford Lake Forest?
To live comfortably in Lake Forest (zip 60045), Illinois, a minimum annual income of
$171,720 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Lake Forest?
The cost of living in 60045 Lake Forest, IL is relatively high compared to other parts of the country. The median home value for this area is a whopping $723,200, according to Zillow. Renters pay an average of $2,000 per month for a two-bedroom apartment. Food and beverage costs are slightly above average as well with groceries averaging $3.19 per gallon and restaurant meals costing around $13. Overall, the cost of living in 60045 Lake Forest, IL has been steadily increasing over the years and is now higher than many other cities across the U.S.