Housing costs in Chicago?
A typical home costs
$235,200, which is 30.4% less expensive than the national average of
$338,100 and 2.7% less 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 60652), Illinois, a minimum annual income of
$45,000 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in the 60652 zip code in Chicago, IL is quite reasonable and much lower than most other big cities. Rent for a one-bedroom apartment averages around $1,150 a month; slightly more expensive than the city’s average but still significantly less than comparable cities such as New York or San Francisco. Groceries are also quite affordable, with fruits and vegetables costing about 30% less here than they do elsewhere. Utilities are also notably cheaper than the national average, generally running about 25% less per month. One of the biggest draws to this area is its low crime rate, which means that you’ll be able to relax without worrying too much about safety. All in all, living in the 60652 zip code of Chicago can be an incredibly pleasant and affordable experience.