Housing costs in Merrionette Park?
A typical home costs
$185,100, which is 45.3% less expensive than the national average of
$338,100 and 23.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Merrionette Park costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 5.9% cheaper than the state average of
$1,260.
Can I afford Merrionette Park?
To live comfortably in Merrionette Park, Illinois, a minimum annual income of
$35,640 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Merrionette Park?
The cost of living in Merrionette Park, IL is quite affordable. As of 2020, the median home value in the area is around $171,500, which is well below the national average. Furthermore, the overall cost of living index for Merrionette Park is 92.9 which is 8.1% lower than the U.S. average. Renters will also find that housing costs are usually below average in Merrionette Park with a monthly rent rate of $817 per month on average, making it a great option for those looking to save money while still living comfortably in an interesting and vibrant community.