Housing costs in Chicago?
A typical home costs
$431,300, which is 27.6% more expensive than the national average of
$338,100 and 78.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,460 per month, which is 15.9% more than the national average of
$1,260 and 4.1% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60646), Illinois, a minimum annual income of
$82,800 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60646 Chicago, IL is relatively high compared to the rest of the country. The average home value is $255,000 and the median household income is just over $59,000. Renters typically pay around $1,256 for a two-bedroom apartment. Groceries are also expensive in this area with prices around 20% higher than the national average. Utilities can be expensive too due to the cold winters that require extra heating costs. Transportation costs may also be high depending on how far away you live from your workplace or school. Overall, it's important to factor in all the associated costs when considering living in 60646 Chicago, IL.