Housing costs in Chicago?
A typical home costs
$227,200, which is 32.8% less expensive than the national average of
$338,100 and 6.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$990 per month, which is 21.4% cheaper than the national average of
$1,260 and 41.4% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60609), Illinois, a minimum annual income of
$43,560 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60609 Chicago, IL is quite high. According to BestPlaces, the cost of living index for this zip code is 130.71, the rent index is 107.74 and the grocery index is 103.70. This means that overall costs are higher than the US average of 100, with groceries being slightly less expensive than the US average but rent much higher. Overall, it can be quite expensive to live in this area and it may not be suitable for those on a budget or with limited income.