How much does it cost a month to live in Chicago?

How much does it cost a month to live in Chicago?

According to Numbeo, the average cost of living for a single person without rent in Chicago is $980. For a 4-person family, this works out to approximately $3,500 without rent. This means that a single person with an average salary renting a 45 square meter studio apartment can expect to spend $3,043 a month all in.

Is rent in Chicago expensive?

As of June 2019, Chicago ranks 11th in terms of average rental prices in large American cities. This means Chicagoans pay relatively low rents for a major city (especially compared to San Francisco, where the average rent is a staggering $3,700).

What is the cost of living in Chicago?

Chicago cost of living is 106.9

COST OF LIVING	Chicago	Illinois
Health	90.6	97.2
Housing	99.1	79.5
Median Home Cost	$291,200	$234,000
Utilities	92.8	97.7

How much does a single person need to live comfortably in Chicago?

The median income for Chicagoans is $58,247. And to live comfortably in Chicago in a one-bedroom apartment you would need around $43,200 a year, which translates to $21.60 per hour.

Is Chicago affordable for living?

The Chicago cost of living index is 120. That makes it 20% more expensive than the national average. Groceries and healthcare are right at the national average and transportation is about 26% higher than average. This includes gas, car insurance, car purchase, and maintenance.

Is Chicago cheaper than New York?

The Chicago cost of living is about 40-50% lower than the cost of living in New York! Virtually everything is cheaper in Chicago compared to New York: Rent prices are 58% cheaper in Chicago vs New York ($3,374 average rent in New York vs $1,862 average rent in Chicago)