Housing costs in Chicago?
A typical home costs
$197,300, which is 41.6% less expensive than the national average of
$338,100 and 18.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,280 per month, which is 1.6% more than the national average of
$1,260 and 9.4% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60643), Illinois, a minimum annual income of
$37,800 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60643 Chicago, IL is relatively high compared with other cities in the US. According to BestPlaces, the cost of living index in 60643 is around 198.1, which is 18% higher than the national average. Specifically, housing is one of the most expensive expenses for those who live in 60643, with an average monthly rent of $1,884 for a one-bedroom apartment and $2,514 for a three-bedroom apartment. Meanwhile, transportation costs are also pricey due to the city's public transportation system and parking rates. Fortunately for those living in 60643, groceries and healthcare costs are below the national averages.