Housing costs in Chicago?
A typical home costs
$247,900, which is 26.7% less expensive than the national average of
$338,100 and 2.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,630 per month, which is 29.4% more than the national average of
$1,260 and 14.1% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60626), Illinois, a minimum annual income of
$47,520 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in the 60626 zip code of Chicago, IL is relatively high compared to other parts of the country. Housing expenses are among the highest in the nation, with an average rent for a one bedroom apartment estimated to be around $1,900 per month. Groceries and transportation costs are also above average, with gas prices typically ranging around $2.50-$3.00 per gallon and groceries costing about 10% more than the national average. Other everyday expenses such as restaurant meals and entertainment can add up quickly as well. That said, it’s possible to enjoy all that Chicago has to offer without breaking the bank if you’re careful with your spending habits.