Housing costs in Chicago?
A typical home costs
$157,100, which is 53.5% less expensive than the national average of
$338,100 and 35.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,170 per month, which is 7.1% cheaper than the national average of
$1,260 and 19.7% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60620), Illinois, a minimum annual income of
$30,240 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60620 Chicago, IL is higher than the national average. According to BestPlaces, a cost of living index for 60020 shows that housing, food, and transportation expenses are all substantially more expensive than the national average. Rent prices in this area can be steep with an average two-bedroom apartment costing around $1,675 per month. Groceries also tend to be more expensive with prices averaging about 8 percent higher than the national average. Transportation costs are also relatively high due to the city’s extensive public transit system. All things considered, those looking to live in 60620 Chicago should budget accordingly as it can be an expensive place to call home.