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Cost of Living in East Garfield Park

Is it better to rent or buy in East Garfield Park? 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.

$42,980
$1,248/mo

Median in area: $1,248

$273,167

Median in area: $273,167

$54,633

If you Rent

🔑
$1,489 /mo
Base Rent$1,248
Est. Utilities$241
% of Income41.6%
Pre-tax Residual$2,093

If you Buy

🏠
$2,071 /mo
P&I (6.941%)$1,445
Taxes & Ins$385
Est. Utilities$241
% of Income57.8%
Pre-tax Residual$1,510

Compare Nearby Areas

See how East Garfield Park stacks up against neighboring areas.

ccaWest Town, Chicago, IL
$2,027/mo
ccaWest Town, Chicago, IL
$488/mo
ccaWest Garfield Park, Chicago, IL
$1,210/mo
ccaNear West Side, Chicago, IL
$1,731/mo
ccaNorth Lawndale, Chicago, IL
$1,264/mo

Cost of Living FAQs

Is it cheaper to rent or buy in East Garfield Park?›

Based on median housing data, renting is currently more affordable on a monthly basis in East Garfield Park. The estimated all-in monthly cost for renting is $1,489, while owning a median-priced home with a 20% down payment is roughly $2,071 per month (a difference of $582).

How much do utilities cost in East Garfield Park?›

The average monthly utility cost (electricity and natural gas) for a typical home in East Garfield Park is approximately $241. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in East Garfield Park?›

To comfortably afford the median rent and utilities in East Garfield Park without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $59,560 per year.