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Cost of Living in Wilmington Community Unit School District 209U

Is it better to rent or buy in Wilmington Community Unit School District 209U? 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.

$79,467
$1,112/mo

Median in area: $1,112

$245,752

Median in area: $245,752

$49,150

If you Rent

🔑
$1,364 /mo
Base Rent$1,112
Est. Utilities$252
% of Income20.6%
Pre-tax Residual$5,258

If you Buy

🏠
$1,963 /mo
P&I (6.981%)$1,305
Taxes & Ins$406
Est. Utilities$252
% of Income29.6%
Pre-tax Residual$4,659

Cost of Living FAQs

Is it cheaper to rent or buy in Wilmington Community Unit School District 209U?›

Based on median housing data, renting is currently more affordable on a monthly basis in Wilmington Community Unit School District 209U. The estimated all-in monthly cost for renting is $1,364, while owning a median-priced home with a 20% down payment is roughly $1,963 per month (a difference of $599).

How much do utilities cost in Wilmington Community Unit School District 209U?›

The average monthly utility cost (electricity and natural gas) for a typical home in Wilmington Community Unit School District 209U is approximately $252. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Wilmington Community Unit School District 209U?›

To comfortably afford the median rent and utilities in Wilmington Community Unit School District 209U without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $54,560 per year.