Housing costs in Chicago?
A typical home costs
$132,800, which is 60.7% less expensive than the national average of
$338,100 and 45.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,220 per month, which is 3.2% cheaper than the national average of
$1,260 and 14.8% cheaper than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60628), Illinois, a minimum annual income of
$25,560 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60628 Chicago, IL is quite high. According to BestPlaces, the overall cost of living index in 60628 is 117.2, which is 17.2% higher than the national average. The majority of this increase comes from housing prices, which are nearly 40% higher than the national average. Groceries and transportation costs are also slightly higher than the national average, while utilities and healthcare costs are about the same as everywhere else in the US. In conclusion, it can be said that while living in 60628 Chicago, IL may be expensive, it still offers its residents a wide variety of activities and amenities that make it worth considering.