Housing costs in Chicago?
A typical home costs
$521,300, which is 54.2% more expensive than the national average of
$338,100 and 115.7% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,980 per month, which is 57.1% more than the national average of
$1,260 and 29.3% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60622), Illinois, a minimum annual income of
$99,720 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60622 Chicago, IL is relatively high compared to other parts of the US. The median home value is around $2.3 million, and rents in the area average around $1,500 per month for a one-bedroom apartment. Public transportation is also expensive with monthly passes ranging from $100 to $200 depending on the zone. Groceries are relatively affordable, but taxes and utilities are high. Overall, the cost of living in 60622 is higher than many other parts of the US making it a difficult place to live for those on limited budgets.