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Cost of Living in ZIP 60102

Is it better to rent or buy in ZIP 60102? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$129,508
$1,866/mo

Median in area: $1,866

$336,996

Median in area: $336,996

$67,399

If you Rent

🔑
$2,104 /mo
Base Rent$1,866
Est. Utilities$238
% of Income19.5%
Pre-tax Residual$8,688

If you Buy

🏠
$2,739 /mo
P&I (6.901%)$1,776
Taxes & Ins$725
Est. Utilities$238
% of Income25.4%
Pre-tax Residual$8,054

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 60102?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 60102. The estimated all-in monthly cost for renting is $2,104, while owning a median-priced home with a 20% down payment is roughly $2,739 per month (a difference of $635).

How much do utilities cost in ZIP 60102?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 60102 is approximately $238. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 60102?›

To comfortably afford the median rent and utilities in ZIP 60102 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $84,160 per year.