Housing costs in Chicago?
A typical home costs
$213,400, which is 36.9% less expensive than the national average of
$338,100 and 11.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,240 per month, which is 1.6% cheaper than the national average of
$1,260 and 12.9% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60637), Illinois, a minimum annual income of
$41,040 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60637 Chicago, IL is quite reasonable. The median home price in the area is $369,000 and the median monthly rent is $1,500. The average commute time to downtown Chicago is less than 30 minutes by car. Grocery costs are about 10% higher than the national average but overall prices stay relatively low when compared to many other cities. Utility bills such as electricity and water are also quite reasonable. All of these factors make 60637 an attractive place for people looking to live in the city without breaking their budgets.