Housing costs in Chicago?
A typical home costs
$299,600, which is 11.4% less expensive than the national average of
$338,100 and 24.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,160 per month, which is 7.9% cheaper than the national average of
$1,260 and 20.7% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60608), Illinois, a minimum annual income of
$57,240 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60608 Chicago, IL is quite high compared to other areas of the United States. According to Best Places, the cost of living index for this zip code is 125.6, which is 25.6% higher than the national average. Housing costs make up a large portion of the cost of living in this area as they are 38.2% higher than the national average. Food, transportation, healthcare and utilities all contribute to making 60608 one of the most expensive places to live in Illinois. However, there are many great amenities that residents enjoy here such as an abundance of restaurants, museums and cultural attractions that help make life in this city enjoyable for those who can afford it.