Homewood, Illinois, offers an affordable cost of living in comparison to other nearby major cities. According to Sperling's Best Places, Homewood's cost of living index is 95.4, which is lower than the national average of 100. Compared to nearby major cities such as Chicago and Indianapolis, the cost of living in Homewood is considerably lower. The city's overall cost of living is 26% lower than Chicago and 10% lower than Indianapolis. In terms of housing, the median home price in Homewood is $144,200, which is much lower than Chicago's median home price of $251,200. Homewood's property tax rate is 2.64%, which is higher than the national average of 1.07%, but lower than the property tax rate in nearby Chicago. Additionally, Illinois has a flat state income tax rate of 4.95%.
For physicians looking to relocate to the area, Homewood offers affordable housing options and a lower overall cost of living compared to other nearby major cities. The city also provides a good quality of life, with easy access to transportation and plenty of amenities. The affordable cost of living in Homewood allows physicians to stretch their salaries further and achieve a higher standard of living for themselves and their families.
Homewood, Illinois offers a variety of housing options that will meet the needs of any physician and their family. According to Zillow, the median home value in Homewood is $186,500, which is more affordable than nearby cities such as Chicago and Evanston. Rental properties are also available, with an average cost of $1,200 per month for a two-bedroom apartment.
The most desirable neighborhoods in Homewood include Ravisloe, a historic neighborhood with beautiful homes and tree-lined streets, and Old Homewood, which features many restaurants, shops, and entertainment options. In nearby Flossmoor, the Butterfield neighborhood is also highly desirable with its quiet streets, spacious homes, and proximity to the Metra train station.
For those looking for more affordable housing options, nearby cities such as Lansing and Hammond offer lower costs of living and housing. Lansing is only a short drive from Homewood and offers a variety of single-family homes at lower price points.
To find currently available housing options for rent and purchase in the Homewood area, popular resources include Zillow, Trulia, and Realtor.com. These websites offer detailed property listings with photos, descriptions, and pricing information to help physicians and their families find their dream home.
Homewood, Illinois is a safe and secure city for physicians and their families to relocate to. According to Neighborhood Scout, Homewood’s crime rate is lower than 51% of all U.S. cities, and its violent crime rate is 2.33 per 1,000 residents, which is lower than the national median of 4.49 per 1,000 residents.
The safest neighborhoods in Homewood include Flossmoor Rd/Edgington St, Lincoln/Maple, and 183rd St/Gottschalk Ave. The city has a dedicated police force that works hard to ensure the safety of its residents, and they have an active presence in the community. Additionally, the city provides various safety programs and services, such as a community emergency response team, neighborhood watch programs, and disaster preparedness programs. Physicians and their families should feel confident in the safety and security of their homes and neighborhoods in Homewood compared to other nearby major cities.