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Apartments For Rent in Chicago, IL

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Apartments for Rent in Chicago, IL

The large city of Chicago, Illinois is home to approximately 2.7 million people. It's a great place to start a career, as young professionals make up a larger portion of the population here (20%) than nationally (15%). At an average age of just over 36, the city's population skews younger than most cities in Illinois. Renters slightly outnumber homeowners in Chicago by a slim 55%-45% margin. The average rent is just above the state average of $1,052/month.

Chicago has a relatively high number of residents over the age of 25 who have advanced degrees compared to the national average (7%), as 8% have earned a Master's degree or a Doctorate. Further, 15% possess a Bachelor's degree. Workers are spread across a wide range of industries in Chicago, the most common four of which are healthcare, retail, entertainment, and scientific. Combined, these industries account for 23% of the labor force in the city. Meanwhile, in terms of job function, many workers in these industries are in sales, as 7% of the city's population reports this as their field of work, the highest number of any profession. Chicago workers earn an average annual income of just over $72,000, about $5,000 less than their peers elsewhere in the state. Chicago's average income, however, is fairly average compared to the national level ($73,345).

Chicago has an average commute time of about 38 minutes, slower than the state average of about 32 minutes. Many residents (27%) drive to work, while public transit is used by only 13% of the city. Not many residents (3%) walk to work, though the number surpasses the national average.