Chicago, United States
-15% vs Chicago avgHyde Park is a relatively affordable area in Chicago, with a cost of living index of 62.2 — that is -15% compared to the Chicago average. At #18 of 27, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around $1,700/month, compared to a range of $1,500 in Portage Park to $2,500 in Gold Coast.
For a typical resident of Hyde Park, housing takes up roughly 38% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $68,000 before tax.
Salaries in Hyde Park reflect the local cost of living. Based on the neighborhood COLI of 62.2:
After tax and deductions of 24.1% in United States, take-home pay for someone earning $68,000 would be roughly $51,612/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $46,650 salary in Hyde Park, Chicago (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Hyde Park would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $46,650 |
| London | GBP | £40,146 |
| Dubai | AED | AED 233,427 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Gold Coast | 91.5 | 1.25x | +25% |
| River North | 89.3 | 1.22x | +22% |
| The Loop | 87.8 | 1.20x | +20% |
| West Loop | 86.4 | 1.18x | +18% |
| Lincoln Park | 84.2 | 1.15x | +15% |
See exactly what you need to earn in Hyde Park, Chicago to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Hyde Park:
Hyde Park is one of the more affordable neighborhoods in Chicago. It costs about -15% less than the city average, ranking #18 out of 27 neighborhoods.
The cost of living in Hyde Park is below the Chicago average. With a multiplier of 0.85x, everyday expenses including rent, food, and transportation are -15% compared to the city baseline.