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Cost of Living in Englewood

Is it better to rent or buy in Englewood? 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.

$34,171
$1,099/mo

Median in area: $1,099

$172,700

Median in area: $172,700

$34,540

If you Rent

🔑
$1,358 /mo
Base Rent$1,099
Est. Utilities$259
% of Income47.7%
Pre-tax Residual$1,490

If you Buy

🏠
$1,392 /mo
P&I (6.969%)$916
Taxes & Ins$217
Est. Utilities$259
% of Income48.9%
Pre-tax Residual$1,455

Compare Nearby Areas

See how Englewood stacks up against neighboring areas.

ccaFuller Park, Chicago, IL
$919/mo
ccaGrand Boulevard, Chicago, IL
$1,186/mo
ccaNew City, Chicago, IL
$1,068/mo
ccaWest Englewood, Chicago, IL
$1,205/mo
ccaGreater Grand Crossing, Chicago, IL
$1,065/mo
ccaAuburn Gresham, Chicago, IL
$1,059/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Englewood?›

Based on median housing data, renting is currently more affordable on a monthly basis in Englewood. The estimated all-in monthly cost for renting is $1,358, while owning a median-priced home with a 20% down payment is roughly $1,392 per month (a difference of $34).

How much do utilities cost in Englewood?›

The average monthly utility cost (electricity and natural gas) for a typical home in Englewood is approximately $259. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Englewood?›

To comfortably afford the median rent and utilities in Englewood without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $54,320 per year.