Housing costs in Sugar Grove?
A typical home costs
$349,200, which is 3.3% more expensive than the national average of
$338,100 and 44.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Sugar Grove costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 16.6% more than the state average of
$1,260.
Can I afford Sugar Grove?
To live comfortably in Sugar Grove (zip 60554), Illinois, a minimum annual income of
$66,960 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Sugar Grove?
Living in 60554 Sugar Grove, IL is fairly affordable, with the cost of living index estimated to be 10% lower than the national average. The median home price is approximately $187,000 which is much lower than other areas of the country, and a full 30% lower than nearby cities such as Aurora and Naperville. The median household income for this area is $86,295 per year, which is well above the national average and provides families with more money to spend on essentials or discretionary items. Additionally, there are no state income taxes in Illinois which further increases savings for families living here. Property taxes are also quite low compared to other states making the cost of living in 60554 Sugar Grove, IL very reasonable overall.