Housing costs in Chicago?
A typical home costs
$471,500, which is 39.5% more expensive than the national average of
$338,100 and 95.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,150 per month, which is 70.6% more than the national average of
$1,260 and 34.9% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60657), Illinois, a minimum annual income of
$90,360 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60657 Chicago, IL is quite high compared to many other cities in the United States. The median home value for this area is $539,200 which is far above the national average of $184,700. Additionally, the median rent for a two bedroom apartment in 60657 is $1,753 per month which is significantly higher than the national average of $949 per month. While these figures are high, they can be offset by the lower unemployment rate of 4.2% and an overall strong job market in this area.