WFCN –
Chicago, famous for its dynamic culture, iconic buildings, and thriving economy, also provides a variety of neighborhoods and neighboring cities where affordability intersects with quality of life.
If you are looking for budget-friendly living choices that offer both comfort and amenities.
5 Cheapest Cities But Affordable To Live in Chicago
Here are five of the most economical yet accessible cities near Chicago to explore.
The Lawn of Oaks
Situated a short distance from Chicago in the southwest direction, Oak Lawn offers a suburban ambiance with reasonably priced housing choices and a vibrant sense of community.
Within this town, you will find a variety of facilities such as parks, malls, and educational institutions, all while keeping housing expenses at a fair level. The closeness of Oak Lawn to Chicago provides its residents with the opportunity to relish urban advantages without having to bear high living costs.
- The typical cost of a home is $275,000.
- The typical cost of renting a one-bedroom apartment is $1,200.
- The Cost of Living Index is 10% lower than the national average.
You are striving to enhance the creativity of Spanish texts. Trabajas para hacer los textos en español más creativos.
2. The Estates of Hoffman
Located in the northwest of Chicago, Hoffman Estates is famous for its welcoming atmosphere for families and its highly respected educational institutions.
The city provides economical housing alternatives and a diverse range of leisure amenities, rendering it a compelling option for families. Hoffman Estates offers a combination of ease and reasonable prices due to its below-average cost of living and its close location to main highways.
- The average cost of a home is $325,000.
- The typical cost of renting a one-bedroom apartment is $1,300.
- The Cost of Living Index is currently 8% lower than the national average.
3. Schaumburg, Chicago
Schaumburg, situated in the northwest of Chicago, blends cost-effectiveness with a suburban way of life. The city is famous for its outstanding shopping, dining, and entertainment choices, such as the beloved Woodfield Mall.
SEE MORE –
5 Cheapest Cities But Affordable To Live in Buffalo, New York
In Schaumburg, there is a diverse range of housing options available, including single-family residences and rental properties, all offered at affordable prices in comparison to downtown Chicago.
- The average cost of a home is $350,000.
- The typical cost of rent for a one-bedroom apartment is $1,400.
- The Cost of Living Index is currently 7% lower than the national average.
4. Elmhurst, Chicago
Elmhurst, located to the west of Chicago, is renowned for its delightful central district and tight-knit community atmosphere. In the city, you can find budget-friendly housing choices and it is famous for its excellent schools and nearby facilities.
The attractive option of Elmhurst lies in its affordable living expenses and its nearness to Chicago, making it an ideal choice for those looking for a harmonious blend of cost-effectiveness and accessibility.
- The typical cost of a home is $400,000.
- The typical cost of renting a one-bedroom apartment is $1,450.
- The Cost of Living Index is currently 6% lower than the national average.
4. The Town of Berwyn
Berwyn, situated west of Chicago, is a city characterized by its diversity, tight-knit community, and a variety of reasonably priced housing choices.
The city’s reasonably priced housing options, along with its convenient public transportation and nearby facilities, appeal to those looking to save money, whether they are individuals or families.
- The average cost of a home is $275,000.
- The typical cost of renting a one-bedroom apartment is $1,150.
- The Cost of Living Index is 9% lower than the average across the country.
What is the Reason Behind Choosing These Cities?
Every one of these cities close to Chicago provides a blend of reasonable prices and a high standard of living. They showcase affordable median home prices and fair rental expenses, all while keeping a cost of living that is under the national average.
The closeness to Chicago offers locals the chance to relish the cultural and financial advantages of a bustling metropolis without the expensive lifestyle that comes with city living.
The End
If you are thinking about moving to the Chicago area, Oak Lawn, Hoffman Estates, Schaumburg, Elmhurst, and Berwyn offer fantastic choices for cost-effective housing.
These urban centers offer a variety of services, vibrant community atmospheres, and affordable housing options, making them perfect selections for individuals looking to find a middle ground between cost-effectiveness and the benefits of residing close to a large city.
If you seek a tranquil suburban environment or a lively community, these cities provide a range of choices to meet different preferences and financial situations.