Housing costs in Chicago?
A typical home costs
$319,300, which is 5.6% less expensive than the national average of
$338,100 and 32.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,450 per month, which is 15.1% more than the national average of
$1,260 and 3.4% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60641), Illinois, a minimum annual income of
$61,200 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in the 60641 zipcode of Chicago, IL is higher than the national average. According to one report, it’s almost 20% higher than the US average. This is mainly due to housing costs, which are approximately 74% higher than the national average. In addition, transportation and healthcare costs are also significantly higher than those of other cities, adding to a sense of financial strain on residents in this area. Despite these expenses though, 60641 remains an attractive place to live given its convenient location near downtown Chicago and access to public transportation as well as numerous parks and recreational options.