Housing costs in Chicago?
A typical home costs
$271,300, which is 19.8% less expensive than the national average of
$338,100 and 12.2% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,400 per month, which is 11.1% more than the national average of
$1,260 and close to the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60655), Illinois, a minimum annual income of
$51,840 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60655 Chicago, IL is generally quite high. Rent for a one-bedroom apartment varies widely based on the neighborhood, but averages around $1,400 per month. Groceries are relatively expensive in comparison to other cities, while basic utility costs such as electricity and water are typically more affordable than average. Transportation costs will vary depending on how often you use public transit or taxis or if you own a car. The overall cost of living is higher than the national average due to the expensive housing market and higher-than-average taxes.