Housing costs in Chicago?
A typical home costs
$169,300, which is 49.9% less expensive than the national average of
$338,100 and 30.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,240 per month, which is 1.6% cheaper than the national average of
$1,260 and 12.9% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60649), Illinois, a minimum annual income of
$32,400 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60649 Chicago, IL is higher than the national average. The median home value is around $306,000 and the median rent for a two-bedroom apartment is nearly $1,500 per month. Additionally, groceries and utilities are relatively expensive when compared to other US cities. However, it should be noted that salaries in the area tend to be higher than average as well. Overall, 60649 Chicago, IL is an expensive place to live but offers a higher standard of living due to its proximity to downtown Chicago and its many amenities.