Housing costs in Chicago?
A typical home costs
$190,800, which is 43.6% less expensive than the national average of
$338,100 and 21.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,210 per month, which is 4.0% cheaper than the national average of
$1,260 and 15.7% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60624), Illinois, a minimum annual income of
$36,720 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60624 Chicago, IL is generally considered to be quite high. The median home value in this area is approximately $339,500 and the median household income is $85,741. Renting a two-bedroom apartment costs an average of around $2,000 per month. Prices for groceries and other essentials tend to be higher than in other parts of the city and country. Property taxes are also relatively high due to being located within Cook County. Despite these factors, this area remains popular with those looking for upscale shopping, dining, and entertainment options.