Chicago, IL
2,711,226Residents
$77,902Median household income
$1,440/moMedian gross rent
$334,100Median home value
35.8Median age
44%Adults with a bachelor’s degree or higher
46%Homes lived in by their owners
4.3×Home value to household income
Median rent takes about 22% of the median household income in Chicago.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $58,000 a year. In Illinois that leaves roughly $3,826 a month after tax. See the full paycheck breakdown for $60,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.