Housing costs in Chicago?
A typical home costs
$386,900, which is 14.4% more expensive than the national average of
$338,100 and 60.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$2,180 per month, which is 73.0% more than the national average of
$1,260 and 35.8% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60661), Illinois, a minimum annual income of
$74,160 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60661 Chicago, IL is relatively high. The average home price is $800,000 and the median rental rate for a two-bedroom apartment is around $2,400/month. Food prices are also higher than in many other areas, with groceries costing more than 20% above the national average. Transportation costs are higher than average too, with a monthly public transit pass costing $105. Despite these higher costs of living, 60661 has plenty to offer residents such as access to parks, public transportation, cultural attractions and much more.