Jan
04

How Much Chicago Real Estate Can You Afford?

January 04, 2013

chicago real estate calculator

Interested in relocating to Chicago? Then use the helpful CNN Cost of Living Calculator to figure out just how much Chicago real estate you can afford.

Type in your current salary and the calculator will compare price differences between two cities in the following areas:

  • Groceries
  • Housing
  • Utilities
  • Transportation
  • Health Care

Want to know the cost difference if you move to Chicago from New York City on a median household income of $50,000?

Here are the results:

Cost of groceries: 23 percent less
Cost of housing: 68 percent less
Cost of utilities: 32 percent less
Cost of transportation: 7 percent less
Cost of health care: 16 percent less

Illinois residents can find cost of living comparison estimates for Champaign-Urbana, Danville, Decatur, Joliet-Will County, Quincy, Peoria, Springfield and Rockford.

If you’re looking to move from Champaign-Urbana to Chicago on a median household income of $50,000, your cost differences would be as follows:

Cost of groceries: 23 percent more
Cost of housing: 48 percent more
Cost of utilities: 13 percent less
Cost of transportation: 17 percent more
Cost of health care: 2 percent more

Using the CNN Cost of Living Calculator can be really interesting and eye-opening, so be sure to check it out if relocating to Chicago is part of your future plans!

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Jessica Thom

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