The median income in Chicago is $62,868, and 13.7 percent of income is spent on a monthly mortgage payment. Renters pay 31.4 percent of their income on housing costs.

Zillow breaks down how incomes and affordability match up in Chicago.

Chicago metro highlights:

  • The median income is $62868.
  • 13.7 percent of income is spent on a monthly mortgage payment, and 31.4 percent is spent on rent.
  • A 20 percent down payment on a median-valued home in Chicago, IL would require a potential buyer to have saved $38200.
  • The ZHVI (Zillow Home Value Index) rose by 2.2 percent over the past year, to $191000.

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