Housing costs in South Elgin?
A typical home costs
$304,700, which is 9.9% less expensive than the national average of
$338,100 and 26.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in South Elgin 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 South Elgin?
To live comfortably in South Elgin (zip 60177), Illinois, a minimum annual income of
$58,320 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about South Elgin?
The cost of living in 60177 South Elgin, IL is relatively affordable, with the median home value at $260,000, which is slightly lower than the national average. The median household income is also lower than that of the rest of the country, but still well-above the poverty line. The cost of food and health care are both slightly higher than average, but overall prices for goods and services remain relatively low. The area has a variety of transportation options including public transit and nearby highways that provide access to neighboring towns and cities. With a low cost of living and easy access to amenities, 60177 South Elgin makes an ideal place to live.