Housing costs in Chicago?
A typical home costs
$206,500, which is 38.9% less expensive than the national average of
$338,100 and 14.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,250 per month, which is 0.8% cheaper than the national average of
$1,260 and 12.0% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60644), Illinois, a minimum annual income of
$39,600 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60644 Chicago, IL is relatively high. According to BestPlaces, the cost of living index in this area is 115.9 which is 15.9% higher than the U.S. average, and rent prices are also higher than the national average by 10%. The median household income for 60644 is $36,671 compared to the national median of $61,372, so most people have to budget accordingly to make ends meet in this area. Additionally due to its proximity to downtown Chicago some areas may experience higher costs for groceries and other necessities due to increased demand from tourists or other visitors.