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Cost of Living in West Englewood

Is it better to rent or buy in West 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.

$40,364
$1,205/mo

Median in area: $1,205

$154,483

Median in area: $154,483

$30,897

If you Rent

🔑
$1,491 /mo
Base Rent$1,205
Est. Utilities$286
% of Income44.3%
Pre-tax Residual$1,873

If you Buy

🏠
$1,322 /mo
P&I (6.962%)$819
Taxes & Ins$217
Est. Utilities$286
% of Income39.3%
Pre-tax Residual$2,042

Compare Nearby Areas

See how West Englewood stacks up against neighboring areas.

ccaNew City, Chicago, IL
$1,068/mo
ccaChicago Lawn, Chicago, IL
$1,207/mo
ccaEnglewood, Chicago, IL
$1,099/mo
ccaAuburn Gresham, Chicago, IL
$1,059/mo

Cost of Living FAQs

Is it cheaper to rent or buy in West Englewood?›

Based on median housing data, buying is currently more affordable on a monthly basis in West Englewood. The estimated all-in monthly cost for renting is $1,491, while owning a median-priced home with a 20% down payment is roughly $1,322 per month (a difference of $169).

How much do utilities cost in West Englewood?›

The average monthly utility cost (electricity and natural gas) for a typical home in West Englewood is approximately $286. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in West Englewood without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $59,640 per year.