Housing costs in Chicago?
A typical home costs
$238,200, which is 29.5% less expensive than the national average of
$338,100 and 1.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,070 per month, which is 15.1% cheaper than the national average of
$1,260 and 30.8% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60632), Illinois, a minimum annual income of
$45,720 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60632 Chicago, IL is significantly higher than the national average. The median home value for the area is approximately $276,000 and the median rent is $1,340 per month. In addition, groceries, healthcare and transportation costs are all more expensive when compared to other areas of the country. Despite the higher cost of living in 60632 Chicago, IL, it remains a desirable place to live due to its great location in one of America's most vibrant cities.