Chicago is a major metropolitan area in IL with a population of 2,720,556 residents. With a median home price of $525,274 (50% above the national median) and median household income of $73,194, Chicago is considered very expensive with a price-to-income ratio of 7.2x.
The real estate market in Chicago features a median home price of $525,274, which is 50% higher than the U.S. national median of $350,000. Monthly rent averages $2,189, 46% above the national average. Over the past decade, rent has increased by 45%.
Chicago has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Chicago offers a median household income of $73,194, which is 5% higher than the national median of $70,000. Residents spend approximately 36% of their income on rent annually, which may pose affordability challenges for some households.
Understanding the climate of Chicago is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Chicago compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Chicago is $525,274, with average monthly rent of $2,189. The median household income is $73,194, giving the city a price-to-income ratio of 7.2x.
Chicago is considered expensive with a price-to-income ratio of 7.2x, above the national average of 5x.
Chicago has a population of 2,720,556 residents, making it the #3 largest city in the United States.
Chicago has a violent crime rate of 345 per 100,000 residents, which is below the national average. The property crime rate is 1393 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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