Housing costs in Chicago?
A typical home costs
$161,200, which is 52.3% less expensive than the national average of
$338,100 and 33.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,030 per month, which is 18.3% cheaper than the national average of
$1,260 and 35.9% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60617), Illinois, a minimum annual income of
$30,960 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Chicago?
Living in 60617 Chicago, IL is relatively affordable. The median rent for a one-bedroom apartment is around $1,310 per month which is lower than the U.S. average for similar-sized apartments and slightly lower than the citywide average of $1,400. Housing costs make up a large portion of an individual's budget, however food costs are also relatively low with the cost of groceries averaging around $347 per month and restaurant prices at an estimated $298 per month. Overall, living in 60617 Chicago, IL can be fairly affordable depending on lifestyle and housing preferences.