Housing costs in Schaumburg?
A typical home costs
$268,600, which is 20.6% less expensive than the national average of
$338,100 and 11.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Schaumburg costs
$1,850 per month, which is 46.8% more than the national average of
$1,260 and 24.3% more than the state average of
$1,400.
Can I afford Schaumburg?
To live comfortably in Schaumburg (zip 60194), Illinois, a minimum annual income of
$51,480 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Schaumburg?
The cost of living in Schaumburg, IL is quite high. According to the most recent data from BestPlaces, the average price for a one-bedroom apartment in the city center is nearly $1,600 per month. Groceries and other common household items are also more expensive than the national average. Eating out can also be pricey, with a meal for two people at a mid-range restaurant costing around $50. Despite the higher cost of living compared to other cities, many people choose to live in Schaumburg due to its close proximity to Chicago and access to excellent schools and job opportunities.