Housing costs in Chicago?
A typical home costs
$468,600, which is 38.6% more expensive than the national average of
$338,100 and 93.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,180 per month, which is 73.0% more than the national average of
$1,260 and 35.8% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60610), Illinois, a minimum annual income of
$89,640 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60610 Chicago, IL is relatively high compared to the rest of the United States. According to a recent report from BestPlaces, the estimated cost of living expenses for a single person in this area averages $1,908 per month excluding rent. The median monthly rent in 60610 is $1,093 for a one-bedroom apartment and $1,471 for a two-bedroom apartment. The estimated price of groceries and meals out are approximately 15% higher than the national average. Other necessities such as transportation and health care are also slightly higher than average. Despite the higher costs, many people choose to live in this area for its vibrant culture and convenient access to amenities like grocery stores, restaurants, and parks.