Housing costs in Chicago?
A typical home costs
$361,800, which is 7.0% more expensive than the national average of
$338,100 and 49.7% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,420 per month, which is 12.7% more than the national average of
$1,260 and close to the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60631), Illinois, a minimum annual income of
$69,480 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60631 Chicago, IL is relatively high compared to other cities in the United States. The median home price in this zip code is around $400,000, making it one of the most expensive parts of the city. Renters face a median housing cost of approximately $1,500 per month. Additionally, groceries and utilities cost an average of 13% more than the national average. While the cost of living may be higher than many other places around the U.S., residents enjoy access to some of the country’s best restaurants, shops, and entertainment venues.