Housing costs in Chicago?
A typical home costs
$473,000, which is 39.9% more expensive than the national average of
$338,100 and 95.7% 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 60654), Illinois, a minimum annual income of
$90,720 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60654 Chicago, IL is generally quite high compared to other areas. The median home price for the area is over $200,000, and the median household income is around $61,000. Rent prices in the area tend to be higher than other parts of the city, and utility costs are typically about 18% higher than average for Illinois. Groceries and transportation expenses are also slightly higher than surrounding areas. Despite this, the cost of living can still be manageable with careful budgeting and a good job.