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Cost of Living in Hazel Crest

Is it better to rent or buy in Hazel Crest? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$70,627
$1,261/mo

Median in area: $1,261

$171,254

Median in area: $171,254

$34,251

If you Rent

🔑
$1,539 /mo
Base Rent$1,261
Est. Utilities$278
% of Income26.1%
Pre-tax Residual$4,347

If you Buy

🏠
$1,617 /mo
P&I (6.882%)$901
Taxes & Ins$438
Est. Utilities$278
% of Income27.5%
Pre-tax Residual$4,269

Cost of Living FAQs

Is it cheaper to rent or buy in Hazel Crest?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hazel Crest. The estimated all-in monthly cost for renting is $1,539, while owning a median-priced home with a 20% down payment is roughly $1,617 per month (a difference of $78).

How much do utilities cost in Hazel Crest?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hazel Crest is approximately $278. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Hazel Crest?›

To comfortably afford the median rent and utilities in Hazel Crest without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $61,560 per year.