Housing costs in Riverwoods?
A typical home costs
$752,800, which is 122.7% more expensive than the national average of
$338,100 and 211.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Riverwoods costs
$2,110 per month, which is 47.6% more than the national average of
$1,430 and 40.3% more than the state average of
$1,260.
Can I afford Riverwoods?
To live comfortably in Riverwoods, Illinois, a minimum annual income of
$144,360 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Riverwoods?
The cost of living in Riverwoods, IL is largely dependent on the individual鈥檚 lifestyle and needs. For basic necessities such as groceries, utilities, and transportation, the cost of living is quite low compared to other areas of the country. Other costs, such as housing and dining out, can be slightly higher than average due to the high quality of life that Riverwoods provides. Overall, however, the cost of living in Riverwoods is still quite reasonable when considering the high quality of life that residents enjoy.