Housing costs in Chatham?
A typical home costs
$238,700, which is 29.4% less expensive than the national average of
$338,100 and 1.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chatham costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 8.6% cheaper than the state average of
$1,260.
Can I afford Chatham?
To live comfortably in Chatham, Illinois, a minimum annual income of
$45,720 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in Chatham, IL is quite reasonable. Housing costs are far below the national average and the unemployment rate is low. Groceries and essentials such as gas are also very affordable compared to the rest of the country. Chatham has a diverse economy with major employers ranging from healthcare to agriculture to education. All of this adds up to a high quality of life at an affordable price for those that live here.