Cost of Living in Chicago
Median income in Chicago is $58,000/year ($4,833/month). Here is how to budget every dollar.
Average Rent in Chicago
$1,300
Studio
$1,700
1 Bedroom
$2,100
2 Bedrooms
Monthly Budget Breakdown: $4,833/month
How to allocate the median Chicago income of $58,000/year after taxes.
Housing
$1,700
Food & Groceries
$480
Transportation
$200
Utilities
$180
Healthcare
$240
Entertainment
$290
Personal & Other
$240
Savings
$1,503
Total
$4,833
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Affordable Neighborhoods in Chicago
Rogers Park and Edgewater offer lakefront living at a fraction of Lincoln Park prices
Pilsen and Bridgeport have vibrant cultural scenes with affordable rents
Logan Square balances trendy dining with more reasonable housing costs
Money-Saving Tips for Chicago
Use a CTA Ventra unlimited pass ($75/month) for all bus and L train rides
Take advantage of Chicago's extensive free festival calendar in summer
Shop at Aldi, Pete's Fresh Market, or Devon Avenue for affordable groceries
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