Chicago, IL Real Estate Information
Are you considering a move to Chicago, IL? There are many great reasons to move to this city. Check out these five reasons to move to Chicago!
1. Chicago, IL is growing quickly and is a great place to find a job
2. Chicago is a global hub for business and finance
Chicago is the third-largest city in the United States and one of the world’s great business and financial centers. The Chicago area has a very diverse economy, with all of its major industries being well-established. Being the third-largest economic center in the United States, it is also a center for healthcare, education, manufacturing, and more.
3. Chicago is an economic powerhouse
The GDP for the Chicago metropolitan area in 2018 was 689 billion, making it the third-largest metropolitan economy in the United States. The Chicago metropolitan area is also home to many Fortune 500 companies, including Boeing, Kraft Heinz, Motorola, United Airlines Holdings, Walgreens, and McDonald’s.
4. The Windy City is a central transportation hub
Chicago is a major transportation hub, with O’Hare International Airport being one of the busiest airports in the world. The city also has extensive sea and air transportation systems, including the Union Pacific railroad, Cook County Transit Authority (CTA), Metra Electric District, Pace Limited and Regional Rail Transit Authority (RRTA), Blue Line, Orange Line, and Red Line, among others.
5. Chicago is the 3rd most popular city in the US for tourists, and it's easy to see why
Chicago is the third most popular city in the US for tourists, and it's easy to see why. The city has an international reputation for its architecture and design, it has a thriving food scene, and the lakefront is a great place for people to go for a walk or jog or to spend a romantic day with a loved one. Places like the Museum of Science and Industry, McCormick Place, or Grant Park are a few exciting places to tour for people who take an interest in cultural institutions and design.
Median Value Of Owner-occupied housing units: $258,000
Median Selected Monthly Owner Costs (With A Mortgage): $1,974
Median Gross Rent: $1,112
Median Household Income: $58,247
Top 5 Employment Industries:
- Professional, Scientific, and Technical Services