Should You Move to Chicago in 2019?
Photo by Vincent Desjardins
Chicago is the third largest U.S. city, and with summer moving in many people are interested in making the Windy City their permanent residence. It’s the perfect season to enjoy the shores of Lake Michigan by spending time on the many beautiful restaurant patios, rooftops or beaches. However, before beginning your real estate search, it’s critical to gain an understanding of the areas home prices, employment opportunities and culture. Here is an introduction to some key 2019 statistics to help you make the decision to become a Chicagoan. Home Prices
If you’re thinking about purchasing a home, it’s helpful to know that the median home price in Chicago is $232,000 as of 2019. Illinois Realtors noted that the number of home sales rose from January to February across the state, giving hope to sellers and buyers alike. The average Chicago property is on the real estate market around 70 days before a buyer purchases the home. Comparatively, median home prices in Minneapolis hovered around $265,000 in 2018, while Houston market prices reached $240,000. CNBC found that consumers are expecting decreasing interest rates, so they’re more interested in purchasing or selling a house in 2019 than in 2018.
When considering moving, it’s critical for individuals to look into employment options. The Bureau of Labor Statistics announced that nonfarm employment in the Chicago-Elin-Naperville region in February 2019, increased 1.4 percent over the same time last year with around 4,699,600 positions available. These jobs span a wide variety of industries including many opportunities in transportation, finance, publishing, food processing, transportation and insurance.
Whether you’re looking to get in on a small startup, a growing mid-sized company or a booming corporation, there are ample chances to find the perfect job in Chicago. Forbes notes that projected area job growth is up 0.7 percent and the average commute is 33 minutes. Thankfully, the Chicago Transit Authority provides about 1.6 million rides per weekday throughout the metropolitan area and 35 suburbs to make it easy to commute via public transportation.
Photo by Discosour
Arts and Culture
Chicago has always been a hub of arts and culture. Whether you want to see graceful ballerinas at the Joffrey Ballet or eat savory ramen at Furious Spoon, there is no shortage of things to do and see in the city. In 2019, you can look forward to enjoying Peruvian food on top of the Hoxton Hotel in Fulton Market thanks to new restaurant Cabra created by Iron Chef Stephanie Izard. Or, dig into Jeong, a casual Korean restaurant in West Town created by 2017 Eater Young Gun Award recipient Dave Park and his partner Jennifer Tran (Hanbun).
Staple Windy City museums like the Adler Planetarium and Art Institute of Chicago will continue to offer interesting and unique programming and exhibits this year. Whether you’re interested in exploring the moon at a lunar 3-D show or viewing the pregnant rhino at the Lincoln Park Zoo, there are always plenty of entertainment options in the city.
Make the Move to Chicago
Why commute from the suburbs or spend just a few vacation days in Chicago when you can become a resident? Contact the KlopasStratton team to learn about exciting 2019 real estate opportunities. Whether you’re looking for a kitschy Old Town rental or a modern Wicker Park abode, their experienced agents are on-hand to help you relocate to the Windy City.