Housing costs in Chicago?
A typical home costs
$437,900, which is 29.5% more expensive than the national average of
$338,100 and 81.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,590 per month, which is 26.2% more than the national average of
$1,260 and 11.9% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60618), Illinois, a minimum annual income of
$83,880 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60618 Chicago, IL is higher than the national average and many other cities in the United States. The median home value in this area is over $360,000, which is much higher than other parts of the country. Additionally, rent prices are also fairly high compared to other areas. Groceries, utilities, and transportation costs are also on the higher end when compared to other U.S. cities. Despite the higher cost of living in 60618 Chicago, IL residents can enjoy a variety of amenities such as access to great schools and universities, restaurants and entertainment venues, parks and cultural attractions that make it an ideal place for individuals and families to live.