Housing costs in Chicago?
A typical home costs
$489,100, which is 44.7% more expensive than the national average of
$338,100 and 102.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,200 per month, which is 74.6% more than the national average of
$1,260 and 36.4% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60642), Illinois, a minimum annual income of
$93,600 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60642 Chicago, IL is slightly above the national average, but it still remains relatively affordable. Rent is one of the biggest expenses for residents, and prices vary significantly depending on location and size. In 60642, the average rent for a one-bedroom apartment can range from $900 to $1,500 per month. Groceries are also expensive compared to other places across the nation. However, with the city's many restaurants and food delivery services, it is possible to find affordable meals. Additionally, utilities such as electricity and water can be more expensive than other parts of the country but overall remain manageable.