Housing costs in Chicago?
A typical home costs
$407,900, which is 20.6% more expensive than the national average of
$338,100 and 68.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,140 per month, which is 69.8% more than the national average of
$1,260 and 34.6% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60605), Illinois, a minimum annual income of
$78,120 for a family, and
$74,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60605 Chicago, IL is relatively high compared to other parts of the United States. According to BestPlaces, the overall cost of living index for the zip code is 117.7% higher than the U.S. average. The cost of housing is particularly expensive, with a monthly rent for a one-bedroom apartment averaging $1,541 per month—nearly double the U.S. average. Grocery costs are also higher in this area, as is healthcare and transportation expenses. Despite this, people living in 60605 Chicago have access to an abundance of cultural attractions and activities that make the city an exciting place to call home.