Chicago's median home sale price of around $360,000 presents more affordability compared to major metropolitan areas, especially in neighborhoods just outside downtown.
In terms of real estate, Detroit's median home sale price is approximately $91,500, marking it as one of the most affordable cities in the U.S., with potential for growth.
Overall, Chicago's cost of living is about 10% higher than Detroit's, influenced by differences in housing, utilities, and lifestyle expenses for residents.
While utilities in Chicago are roughly 3% lower than in Detroit, the colder climate leads to increased heating costs, affecting overall living expenses.
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