Housing costs in Chicago?
A typical home costs
$314,500, which is 7.0% less expensive than the national average of
$338,100 and 30.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,200 per month, which is 4.8% cheaper than the national average of
$1,260 and 16.7% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60653), Illinois, a minimum annual income of
$60,120 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60653 Chicago, IL is significantly higher than the national average. According to BestPlaces, the cost of basic necessities such as groceries and utilities are both more expensive in Chicago compared to other cities in the US. Housing costs are particularly high since they account for over 40% of the total cost of living here. However, there are many apartments and condos that offer competitive prices and discounts on rent depending on your situation. Additionally, public transportation is relatively affordable, thereby reducing transportation costs significantly. All things considered, while living in 60653 Chicago, IL can be pricey, it certainly doesn't have to break the bank.