Housing costs in Chicago?
A typical home costs
$236,000, which is 30.2% less expensive than the national average of
$338,100 and 2.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,120 per month, which is 11.1% cheaper than the national average of
$1,260 and 25.0% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60629), Illinois, a minimum annual income of
$45,360 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60629 Chicago, IL is quite high. The median home value is $306,000, which is well above the national average of $208,000. The median household income is $45,037, slightly below the national average of $57,652. Renters pay an average of $1,112 per month for a one-bedroom apartment. Groceries and health care are both expensive. Overall, the cost of living in this area is higher than most other parts of the country.