Housing costs in Niles?
A typical home costs
$332,300, which is 1.7% less expensive than the national average of
$338,100 and 37.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Niles costs
$1,330 per month, which is 5.6% more than the national average of
$1,260 and 5.3% cheaper than the state average of
$1,400.
Can I afford Niles?
To live comfortably in Niles (zip 60714), Illinois, a minimum annual income of
$63,720 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Niles?
The cost of living in 60714 Niles, IL is quite affordable. According to the Sperling’s Best Places Cost of Living Index for 2020, Niles sits at 106.2, which is just slightly above the national average of 100. The median home value in Niles is around $196,800 with an average rental price of around $1,173 per month. Additionally, groceries and utilities are also reasonably priced and residents enjoy lower taxes than most other areas in Illinois. All these factors make 60714 Niles an attractive place to live for those looking for a good quality of life without breaking the bank.