Housing costs in Palatine?
A typical home costs
$377,500, which is 11.7% more expensive than the national average of
$338,100 and 56.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Palatine costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and 27.6% more than the state average of
$1,260.
Can I afford Palatine?
To live comfortably in Palatine (zip 60067), Illinois, a minimum annual income of
$72,360 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Palatine?
The cost of living in 60067 Palatine, IL is higher than the national average. This is due in part to the high property taxes and cost of housing in the area. The median home value is $310,400, and the median rent goes for about $1,767 per month. On top of that, goods and services are more expensive than elsewhere in the state. Gas prices tend to be slightly above the national average as well. However, there are still some affordable options for those looking to stretch their budget a bit further - with plenty of restaurants offering discounts and deals for locals, as well as discount stores and thrift shops scattered throughout town.