Chicago’s cost of living is 78 percent of New York City’s, and Chicagoans’ local purchasing power is a whopping 31 percent stronger than in the Big Apple.īe mindful of Chicago taxes. Chicago’s true affordability is more evident when it’s compared to other major American cities. Since housing is usually one of the biggest expenses for a family, Chicago’s lower housing costs can mitigate its higher grocery and transportation expenses. While cost of living in Chicago is slightly more expensive than the national average, housing here is about 3 percent cheaper than the rest of the country. Without having to worry about tax or insurance fees, the renter can concentrate on using his or her money toward paying down debt and improving his or her credit score. By participating in the agreement, renters are automatically saving toward their down payment. Rent to own is a preferred solution for those who are saving or working toward improving credit because of the time it gives buyers. You may have earned money during the time you were renting! If you lock in a price today with a rent to own agreement, and the price increases, you will still pay the price you locked in. This makes rent-to-own options a great choice for times when house prices are on the climb, like they have recently been in Chicago. Most contracts also lock in an agreed-upon purchase price at the time the contract is signed. In most rent-to-own contracts, renters pay an option fee and a monthly rental premium, both of which usually are credited to the buyer’s down payment. Biking is a quick way to get around in the city, and officials have added lots of bike lanes to make it simple.įor home buyers who want to build up a down payment, improve a credit score or just test out how the house fits their family, renting to own a home is often a preferred solution. Most kids travel to the area for education, but if you have kids, they have access to incredible universities right next to home.Ĭhicago is a commuter community, there is an abundance of public transportation to get you wherever you need to go, and it’s the perfect city for bikers. Great universities, like Northwestern, the University of Chicago and DePaul are right around the corner. Not to be confused, Chicago natives love football and the Bears too! Whether you’re a Cubs fan or a White Sox fan, Chicago residents beam with pride for their chosen team. Sports culture is strong in Chicago, and the name of the game is baseball. You’ll also find great Greek, Polish and Latin American food. But American food isn’t the only great cuisine in Chicago. From deep dish pizza, to hot dogs with no ketchup, of course, the food in Chicago is loved and appreciated by all residents. If you’re looking for a place that has a real understanding of delicious Americanized cuisine, Chicago has got you covered. Find live music from the urban blues, which has its roots in Chicago, to hip hop to EDM to classical. In the winter, Millennium Park transforms from green landscapes to an ice skating, snow paradise. People also like to lay out with picnic baskets at Millennium Park to soak in the art, architecture and nature. Over the summer months, Chicago natives like to lay out and soak in its beauty. While it’s surprising to say a city in the middle of the continental United States has a beach, the sand on the shore of Lake Michigan is close to it. ![]() Wherever you choose to live, Chicago is known as the Architectural Capital of the United States, you’ll find beauty on your block. Young professionals and families also enjoy the schools, shopping and nightlife of Lincoln Park, which, true to its name, is grassy and green as if it embodies Chicago’s motto, “City in a Garden.” They also love the welcoming feel of Roscoe Village, where everything is in walking distance and there is an overwhelming feeling of calm. ![]() ![]() Prided institutions, like the University of Chicago and the rocking Checkerboard Lounge also reside in Hyde Park. Well-off professionals also flock to Hyde Park, where famed neighbors include the Obamas, Hugh Hefner and Milton Friedman. The Gold Coast borders Lake Michigan and is filled with historic mansions and shopper paradises. ![]() Its lakefront mansions and chic lofts please even the most discerning buyers and provide quick access to Chicago’s business district. For those looking to join the blue-blood set, the city’s Gold Coast is the place to be. The beauty of a thriving city like Chicago lies in the vast diversity of its neighborhoods, and Chicago’s bergs never disappoint.
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