Housing costs in Palatine?
A typical home costs
$244,100, which is 27.8% less expensive than the national average of
$338,100 and 1.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palatine costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 17.1% more than the state average of
$1,260.
Can I afford Palatine?
To live comfortably in Palatine (zip 60074), Illinois, a minimum annual income of
$46,800 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Palatine?
The cost of living in 60074 Palatine, IL is reasonable compared to many other places. The median home price in the area is $277,700 which is low compared to the national median home price of $315,000. Rental prices range from around $1,200 for a one-bedroom apartment to upwards of $2,300 for three-bedroom apartments. Additionally, groceries and other necessities are priced competitively with many retailers offering competitive deals and discounts. While transportation costs can vary depending on individual needs, public transportation is available and relatively affordable. All in all, 60074 Palatine residents enjoy a reasonable cost of living with plenty of amenities within reach.