Housing costs in Chicago?
A typical home costs
$551,100, which is 63.0% more expensive than the national average of
$338,100 and 128.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,200 per month, which is 74.6% more than the national average of
$1,260 and 36.4% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60604), Illinois, a minimum annual income of
$105,480 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60604 Chicago, IL is quite high. According to BestPlaces, the cost of living index for this area is 107.3 (US average: 100), making it 7.3% higher than the US average. Renting a one bedroom apartment in the city centre costs around $2,050 per month, while outside of the city centre you can expect to pay around $1,250 per month. Groceries and restaurants are also quite expensive compared to other areas in the US. But with its high salaries and many job opportunities available in this bustling city, many residents consider the cost of living to be well worth it.