Zip 60556 (Waterman, IL) Cost of Living


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How much do I need to live in Waterman, Illinois?
$3,360 / month
for a family, 37.8% less expensive than the national average A total of $40,320 for the year for a family.
$2,500 / month
for a single person, 47.6% less expensive than the national average A total of $30,000 for the year for a single person.

Waterman cost of living score
88.3
Less expensive
11.7% lower
than the US average
5.8% lower
than the Illinois average
Waterman (zip 60556), Illinois gets a BestPlaces Cost of Living score of 88.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.7% lower than the U.S. average and 5.8% higher than the average for Illinois.

Zip 60556 (Waterman, IL)

Housing costs in Waterman?
A typical home costs $211,300, which is 37.5% less expensive than the national average of $338,100 and 12.6% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Waterman costs $980 per month, which is 31.5% cheaper than the national average of $1,430 and 28.6% cheaper than the state average of $1,260.

Can I afford Waterman?
To live comfortably in Waterman (zip 60556), Illinois, a minimum annual income of $40,320 for a family, and $30,000 for a single person is recommended.

What does A.I. say about Waterman?
Living in 60556 Waterman, IL is quite affordable. Housing costs are below the national average and the median home value is around $182,000. The cost of groceries and other everyday items is also lower than the national average. Taxes are relatively low compared to other parts of the state and there are a few tax credits available for homeowners. Overall, 60556 Waterman, IL offers residents an affordable cost of living that allows them to live comfortably without breaking the bank.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWatermanIllinoisUnited States
    Unlock93.7100.0
  97.1  Unlock100.0
    Unlock96.9100.0
  67.5  Unlock100.0
    Unlock$241,700$338,100
  99.4  Unlock100.0
    Unlock106.2100.0
  133.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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