Housing costs in Palos Hills?
A typical home costs
$235,100, which is 30.5% less expensive than the national average of
$338,100 and 2.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palos Hills costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford Palos Hills?
To live comfortably in Palos Hills (zip 60465), Illinois, a minimum annual income of
$45,000 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Palos Hills?
The cost of living in 60465 Palos Hills, IL is relatively affordable compared to other cities. According to Sperling's Best Places, the overall cost of living index is 94 which is below the national average of 100. In particular, housing costs are very low with rents averaging around $1,200 a month and the median home value being $267,800. Groceries and utilities are also fairly inexpensive in Palos Hills with food costing about 10% less than the national average. Other necessary expenses such as health care and transportation tend to be on par with or just slightly above the national averages. Consequently, Palos Hills is an attractive option for those looking for a reasonably priced place to live in Illinois.