Housing costs in Schaumburg?
A typical home costs
$200,000, which is 40.8% less expensive than the national average of
$338,100 and 17.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Schaumburg costs
$1,760 per month, which is 39.7% more than the national average of
$1,260 and 20.5% more than the state average of
$1,400.
Can I afford Schaumburg?
To live comfortably in Schaumburg (zip 60195), Illinois, a minimum annual income of
$38,160 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Schaumburg?
The cost of living in Schaumburg, IL (60195) is fairly high compared to other parts of the country. According to Sperling's Best Places, the overall cost of living index for the area is 112.5, which is 12.5% higher than the national average. Housing costs are particularly high with a median home price of $250,000 and monthly rent exceeding $1,000 for most two bedroom apartments. Groceries and other necessities are also fairly expensive when compared to other places in the US. Utilities, healthcare, transportation costs all tend to be slightly above average as well.