Housing costs in Chicago?
A typical home costs
$298,600, which is 11.7% less expensive than the national average of
$338,100 and 23.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,370 per month, which is 8.7% more than the national average of
$1,260 and 2.2% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60634), Illinois, a minimum annual income of
$57,240 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60634 Chicago, IL is slightly higher than the national average. The median home value is $244,500 and the median household income is around $58,000. Rent in the area averages $1,750 for a one-bedroom apartment. Eating out can be expensive with meals costing up to $30 in some areas. Transportation costs can also be high, with gas prices averaging around $3 per gallon. Generally speaking, living in 60634 Chicago, IL is not cheap but offers many amenities that make it worth the expense.