is real estate cheaper in chicago than new york? because i thought i saw lofts in chicago for $300k?

Answer 1

Both Chicago and New York are large sprawling cities. Prices vary widely by area of the city in both locales. Manhattan is the most expensive in New York, and The Loop is the same in Chicago.

It all depends on which section of which city one chooses. In general, however, Chicago real estate is less pricey than is that of New York.

Answer 2

Generally speaking, New York City real estate is... by average... more expensive than Chicago. However you can't compare two properties in two different cities by simply stating that you saw a loft for $300K in one and not the other.