Is it expensive to rent in Chicago?

Is it expensive to rent in Chicago?

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).

How much does it cost 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.

How much does it cost 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 more expensive than LA?

Good News! The cost of living in Chicago, IL is -18.5% lower than in Los Angeles, CA. You would have to earn a salary of $48,903 to maintain your current standard of living. Employers in Chicago, IL typically pay -6.2% less than employers in Los Angeles, CA.

What is the cheapest place to live in Chicago?

Here are 10 of the most affordable neighborhoods in Chicago, depending on the type of amenities you like within your community.

• 1. Logan Square.
• Irving Park.
• Avondale.
• Humboldt Park.
• Pilsen.
• Uptown.
• South Shore.
• Albany Park.