Housing costs in Palos Park?
A typical home costs
$444,300, which is 31.4% more expensive than the national average of
$338,100 and 83.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palos Park costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and 41.9% more than the state average of
$1,260.
Can I afford Palos Park?
To live comfortably in Palos Park (zip 60464), Illinois, a minimum annual income of
$84,960 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Palos Park?
The cost of living in 60464 Palos Park, IL is relatively high compared to other areas. The median home value for this area is currently around $400,000, and the median household income is approximately $100,000. Rent prices are also quite high with the average one-bedroom apartment costing close to $1,500 a month. Property taxes are also quite steep in this zip code, averaging around $10,000 per year per homeowner. Nonetheless, the area offers a scenic suburban lifestyle with easy access to downtown Chicago and many other nearby attractions.