Housing costs in Chicago?
A typical home costs
$324,000, which is 4.2% less expensive than the national average of
$338,100 and 34.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,770 per month, which is 40.5% more than the national average of
$1,260 and 20.9% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60640), Illinois, a minimum annual income of
$61,920 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60640 Chicago, IL is relatively high compared to other parts of the country. The median home value in this area is over $300,000 and the average rent for a one-bedroom apartment is around $1,900/month. Utilities are also higher than other areas with some estimates at over $200/month. Groceries and goods can be more expensive too, so it’s important to budget carefully if you’re looking to move to this area.