Housing costs in Chicago?
A typical home costs
$587,800, which is 73.9% more expensive than the national average of
$338,100 and 143.2% 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 60611), Illinois, a minimum annual income of
$112,680 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60611 Chicago, IL is quite high. On average, the monthly cost of living for a single person comes to around $3,000 - $4,000 including rent for a one bedroom apartment which can range from $1,500 to $2,500 per month. Grocery costs are also fairly expensive in this area with an average grocery bill of approximately $400 per month. Utilities may add an additional $200 -$300 per month to your total costs. Although it can be costly to live in this area, the convenience and amenities make it worth it for those who can afford it.