Housing costs in Chicago?
A typical home costs
$165,700, which is 51.0% less expensive than the national average of
$338,100 and 31.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,190 per month, which is 5.6% cheaper than the national average of
$1,260 and 17.6% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60633), Illinois, a minimum annual income of
$31,680 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60633 Chicago, IL is significantly higher than the national average. The median home value in the area is around $273,000, while the median rent is about $1,400 per month. Utilities and transportation costs are also notably more expensive when compared to other areas of the United States. Groceries, on the other hand, tend to be slightly cheaper due to competition among local stores. Additionally, restaurant prices can range depending on where you go eat. All in all, 60633 Chicago is a fairly pricey place to live but offers a high quality of life for those who can afford it.