Housing costs in Waukegan?
A typical home costs
$206,600, which is 38.9% less expensive than the national average of
$338,100 and 14.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Waukegan costs
$1,320 per month, which is 4.8% more than the national average of
$1,260 and 6.1% cheaper than the state average of
$1,400.
Can I afford Waukegan?
To live comfortably in Waukegan (zip 60087), Illinois, a minimum annual income of
$39,600 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Waukegan?
The cost of living in 60087 Waukegan, IL is relatively affordable. According to Best Places, the cost of living index is 95.3, which is 5.7% lower than the national average. Housing costs are especially reasonable, with median home prices at around $131,400 and median rent at approximately $1,050 per month. Groceries are also quite affordable at around 8% lower than the national average. Other basic necessities such as utilities and transportation are also below average when compared to the rest of the country. Overall, living in 60087 Waukegan, IL can be quite budget-friendly for most individuals and families.