Housing costs in Chicago?
A typical home costs
$342,900, which is 1.4% more expensive than the national average of
$338,100 and 41.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,100 per month, which is 66.7% more than the national average of
$1,260 and 33.3% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60606), Illinois, a minimum annual income of
$65,880 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Chicago?
Living in zip code 60606 in Chicago, Illinois has a high cost of living. Goods and services are generally more expensive compared to other cities, with rental prices ranging from $1,000 to $3,000 per month for a one bedroom apartment. Transportation costs are also relatively pricey due to the abundance of public transportation options available in the city. The average groceries for an individual can range anywhere from $150-$300 a week, depending on dietary choices. Overall, living in this area can be quite costly compared to other areas across the country but the benefits of being close to attractions and amenities make up for it.