Housing costs in University Park?
A typical home costs
$161,500, which is 52.2% less expensive than the national average of
$338,100 and 33.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in University Park costs
$1,230 per month, which is 2.4% cheaper than the national average of
$1,260 and 13.8% cheaper than the state average of
$1,400.
Can I afford University Park?
To live comfortably in University Park (zip 60484), Illinois, a minimum annual income of
$30,960 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about University Park?
The cost of living in 60484 University Park, IL is relatively high compared to other locations in the state. The housing market is expensive, with the median home price sitting at around $135,000 and rent averaging close to $900 per month. Groceries, health care, and transportation are also fairly costly, with a gallon of milk costing roughly $3.50 and the average bus fare being just under $2.00. Additionally, utility bills tend to be higher than average due to the humid weather in the area during summer months. All in all, while it's possible to find some bargains on certain items or services here and there, overall costs can quickly add up if you're not careful with your budget.