Housing costs in Morton Grove?
A typical home costs
$361,300, which is 6.9% more expensive than the national average of
$338,100 and 49.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Morton Grove costs
$2,180 per month, which is 73.0% more than the national average of
$1,260 and 35.8% more than the state average of
$1,400.
Can I afford Morton Grove?
To live comfortably in Morton Grove (zip 60053), Illinois, a minimum annual income of
$69,120 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Morton Grove?
The cost of living in 60053 Morton Grove, IL is quite reasonable compared to other nearby cities. The median home value is around $253,000, which is surprisingly low considering its proximity to the city of Chicago. Renters will find an abundance of affordable apartments and homes in the area, with a median rent price of $1,321 per month. Groceries and utilities are also fairly inexpensive in comparison to other areas. Additionally, residents enjoy easy access to public transportation along with a variety of entertainment and dining options. All these factors make it easier for families or individuals to keep their costs down while living in Morton Grove.