Housing costs in Chicago?
A typical home costs
$656,100, which is 94.1% more expensive than the national average of
$338,100 and 171.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,210 per month, which is 75.4% more than the national average of
$1,260 and 36.7% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60614), Illinois, a minimum annual income of
$125,640 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60614 Chicago, IL is relatively high compared to other areas of the country. According to BestPlaces, the cost of living in 60614 is 25% higher than the national average. Rent prices are particularly expensive with one-bedroom apartments costing an average of $1,639 per month and two-bedroom apartments averaging $2,201 a month. Grocery costs are also very high, with the monthly grocery bill for a family of four estimated at $853. Utility bills can be quite pricy as well, with an average monthly natural gas bill of $113 and an electric bill estimated at $105. All in all, it's safe to say that living in 60614 Chicago, IL can be quite costly.