Housing costs in Chicago?
A typical home costs
$105,600, which is 68.8% less expensive than the national average of
$338,100 and 56.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,060 per month, which is 15.9% cheaper than the national average of
$1,260 and 32.1% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60621), Illinois, a minimum annual income of
$20,160 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60621 Chicago, IL is relatively high, with the median home cost hovering around $404,000 and rent averaging around $1,550 a month. Utilities are also quite pricey in the area, with an average electricity bill for a 915 sq ft apartment costing approximately $141. Additionally, food costs are above average compared to other areas in the country. Grocery bills can add up quickly as prices tend to be higher than the national average due to location and taxes. Despite these higher costs of living, Chicago provides many amenities that make it a great place to live and thrive.