Housing costs in Chicago?
A typical home costs
$282,300, which is 16.5% less expensive than the national average of
$338,100 and 16.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,270 per month, which is 0.8% more than the national average of
$1,260 and 10.2% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60639), Illinois, a minimum annual income of
$54,000 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60639 Chicago, IL is relatively affordable compared to other cities in the United States. The median household income of $65,472 is higher than the national median of $61,937, and the average home price is just over $310,000. Rent for a one-bedroom apartment averages around $1,285 a month while two-bedrooms are slightly more expensive at an average of $1,610 per month. Utilities are similarly priced compared to other areas around the country and groceries are generally moderately priced. All in all, 60639 is a great place to live with reasonable costs for everyday life.