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Here is a list of some of the most affordable neighborhoods in the Windy City. All have average monthly rents below $1,090, per RentCafe, and the highest average home value sits just slightly ...
Based on commuting options to the city, housing prices, property taxes and cost of living, it looks like the most affordable suburbs of Chicago are towns like Elgin, Aurora, Joliet and Waukegan.
The suburbs, which were sorted from the most populated to the least populated, all have livability scores of at least 73. Here’s what it costs to retire in these locations .
Open Communities (formerly Interfaith Housing Center of the Northern Suburbs) is a nonprofit organization that advocates for fair and affordable housing in 17 northern suburbs of Chicago. [1] Open Communities' mission is to educate, advocate, and organize to promote just and inclusive communities in north suburban Chicago.
Although developed by the University of Chicago, they have been used by other universities in the Chicago area, as well as by the city and regional planners. [2] They have contributed to Chicago's reputation as the "city of neighborhoods", and are argued to break up an intimidating city into more manageable pieces. [2]
Chicago is also divided into 77 community areas which were drawn by University of Chicago researchers in the late 1920s. [3] Chicago's community areas are well-defined, generally contain multiple neighborhoods, and depending on the neighborhood, less commonly used by residents. [2] [4]
Here's a closer look at the top 10 most affordable cities in the Midwest based on their estimated cost of living and median household income: Joliet, Illinois Pierre, South Dakota
Rank County Per capita income Median household income Median family income Population Number of households 1 Lake: $38,120 $78,948 $91,693 703,462 241,712
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