Urban Real Estate

Buying Still Beats Renting in Chicago

Buying Still Beats Renting in Chicago

The latest numbers confirm it; buying is still better than renting in most areas of Chicago.

In the most densely populated county, Cook County, it's better to buy - it takes just over 30 percent of the average wage to afford a house, but just over 31 percent to rent the average home.

In Lake County, however, it's cheaper to rent than to buy - it takes about 34 percent of the average salary to buy but about 28 percent to rent.

Read more at Chicago Agent Magazine here.