Housing costs in Winthrop Harbor?
A typical home costs
$226,600, which is 33.0% less expensive than the national average of
$338,100 and 6.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Winthrop Harbor costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and close to the state average of
$1,260.
Can I afford Winthrop Harbor?
To live comfortably in Winthrop Harbor (zip 60096), Illinois, a minimum annual income of
$43,560 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Winthrop Harbor?
The cost of living in 60096 Winthrop Harbor, IL is relatively low compared to the national average. The median home value is $176,700 which is around 7% lower than the national average. With a median household income of $55,722, residents can afford to buy or rent a home near the downtown area. Groceries and other essential items are also relatively inexpensive throughout the area due to the lack of business competition. Utilities such as electricity and gas tend to be slightly higher than the national average but still manageable for most people's budgets. In addition, there is no state sales tax in Illinois which helps keep costs down for those living in Winthrop Harbor and surrounding areas.