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Cost of Living in ZIP 60622

Is it better to rent or buy in ZIP 60622? 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.

$139,404
$2,003/mo

Median in area: $2,003

$641,597

Median in area: $641,597

$128,319

If you Rent

🔑
$2,196 /mo
Base Rent$2,003
Est. Utilities$193
% of Income18.9%
Pre-tax Residual$9,421

If you Buy

🏠
$4,481 /mo
P&I (6.906%)$3,383
Taxes & Ins$905
Est. Utilities$193
% of Income38.6%
Pre-tax Residual$7,136

Compare Nearby Areas

See how ZIP 60622 stacks up against neighboring areas.

ZIP60614
$2,264/mo
ZIP60611
$2,427/mo
ZIP60603
$2,330/mo
ZIP60657
$1,985/mo
ZIP60604
$2,349/mo
ZIP60647
$1,818/mo
ZIP60618
$1,673/mo
ZIP60642
$2,173/mo
ZIP60613
$1,813/mo

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 60622?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 60622. The estimated all-in monthly cost for renting is $2,196, while owning a median-priced home with a 20% down payment is roughly $4,481 per month (a difference of $2,285).

How much do utilities cost in ZIP 60622?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 60622 is approximately $193. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 60622?›

To comfortably afford the median rent and utilities in ZIP 60622 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $87,840 per year.