There are 20 retirement homes near Palatine, Illinois. The costs per day of retirment home living in Illinois range from $19 up to $119, with an average expenditure running approximately $70. The monthly cost averages around $2,092 and ranges between $576 and $3,575. On a yearly basis, the mean cost is around $25,109, which is greater than the US average of $23,100.
Costs for retirement home living in Palatine typically range between $1,645 per month and $5,033 per month. The average cost is around $2,692 per month, or about $32,307 annually.
Palatine is a mid-size city in Illinois. It is located within Cook County and is part of the Chicago-Naperville-Joliet metropolitan statistical area. The surrounding metropolitan area is home to 6,987,494 inhabitants, but there are 77,570 residing in the city limits. The senior community currently makes up approximately 23% of the overall population.
Palatine has an above average SeniorScore™ of 72. The city has an average per capita income of $38,000 and an average household income is $77,000 (the Illinois state average is $54,000). The current unemployment rate is around 6.58% and the mean housing price is $126,000, which is less than the state average of $187,500.
Palatine has harsh mean temperatures, with cold winters and mildly warm summers. The area receives low levels of precipitation annually. Compared to other cities in the United States, Palatine has very low air quality, moderate water quality ratings, and an exceptionally low rate of crime.