Chicago (zip 60647), Illinois gets a BestPlaces Cost of Living index of 105.7, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 5.7 percent higher than the U.S. average and 12.8 percent higher than the average for Illinois.
A typical home costs $446,000, which is 31.9 percent more expensive than the national average of $338,100 and 84.5 percent more expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Chicago costs $1,670 per month, which is 32.5 percent more than the national average of $1,260 and 16.2 percent more than the state average of $1,400.
To live comfortably in Chicago (zip 60647), Illinois, a minimum annual income of $85,320 for a family, and $58,400 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Chicago (zip 60647) is cheaper than the US average. A cost of living index above 100 means Chicago (zip 60647), Illinois is more expensive.
Chicago (zip 60647) cost of living is 105.7