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Cost of Living in ZIP 60919

Is it better to rent or buy in ZIP 60919? 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.

$64,198
$935/mo

Median in area: $935

$107,375

Median in area: $107,375

$21,475

If you Rent

🔑
$1,218 /mo
Base Rent$935
Est. Utilities$283
% of Income22.8%
Pre-tax Residual$4,132

If you Buy

🏠
$1,095 /mo
P&I (6.994%)$571
Taxes & Ins$241
Est. Utilities$283
% of Income20.5%
Pre-tax Residual$4,255

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 60919?›

Based on median housing data, buying is currently more affordable on a monthly basis in ZIP 60919. The estimated all-in monthly cost for renting is $1,218, while owning a median-priced home with a 20% down payment is roughly $1,095 per month (a difference of $123).

How much do utilities cost in ZIP 60919?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 60919 is approximately $283. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 60919?›

To comfortably afford the median rent and utilities in ZIP 60919 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,720 per year.