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Cost Of Living In Chicago

Known all over the world for its daring approach to culture and the arts and its fierce passion for sports Chicago is a national hub for business and industry. To add to Chicago's impressive accomplishments, she is now an applicant for the 2016 Summer Olympic games.

Chicago Real Estate - Chicago real estate value last year and continuing through this year has been on the decline. And this is consistent with pretty much everywhere across the United States. This makes Chicago a prime market right now for home buyers and this should continue through the end of this year and possible through the first quarter of next year. As of now, Median housing prices (Which mean homes in the 50th percentile) are at around $310,000 and dropping. It is common knowledge in Chicago to look for real estate on the outskirts of the windy city. Lake Zurich would be a wonder place to start your search for it which is around 25 miles away from the city. To be able to afford to live in Chicago you must make at least $63,000 a year which is a stretch for a great many people. Gasoline as usually is on the rise from $2.65 a gallon last year up to over $4.00 a gallon and counting this year. Gasonline taxes is currently 32.5 cents a gallon and 43.5 cents a gallon for diesel. State sales taxes start at 6.25% and end at 8.5% depending on what county you live in. Income tax is only 3%.

Chicago Apartments - The average studio apartment rental ranges from $600-$1200, rent for a one bedroom is $750 to $2000 and a two bedroom ranges from $950 to $2500. Other Chicago Cost of living Stats-Electricity - 8.38 cent per KWH-Cigarette Tax - 98 cents per pack-Income Tax - 3%

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About the Author

Resource box- Joe black is an author and web designer. Visit his Cost Of Living Index By State website for more info. More Cost Of Living In Chicago Stats also available.

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