Housing costs in Chicago?
A typical home costs
$281,900, which is 16.6% less expensive than the national average of
$338,100 and 16.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,510 per month, which is 19.8% more than the national average of
$1,260 and 7.3% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60645), Illinois, a minimum annual income of
$54,000 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60645 Chicago, IL is quite high compared to other cities across the United States. According to the latest data from the US Census Bureau, the median household income in 60645 is $62,744 and the median home value is $400,100. This means that most residents in this area will need to have a high income in order to afford a comfortable lifestyle. The average rent for an apartment in this zip code is also relatively high at $1,484 per month. However, there are many different options when it comes to housing in this area ranging from apartments and condos to single-family homes and townhouses. Despite the higher costs of living than other areas of the country, many people who move into this area find that it's worth it due to its convenient location near major highways and downtown Chicago.