Chicago

Chicago, Illinois is a major metro with a population of approximately 2,664,452. The overall cost of living index sits at 111, which is above the national average of 100. This means everyday expenses — housing, groceries, transportation, and healthcare — are roughly 11% more expensive compared to the typical U.S. city.

Housing is the largest cost driver in Chicago. Median rent is $2,292 per month, while the median home price is $312,457. At a median household income of $75,134, rent consumes roughly 37% of gross income, which represents a moderate housing cost burden. The housing sub-index of 127 highlights significantly elevated shelter costs.

Beyond housing, healthcare is the most elevated non-shelter expense in Chicago with a sub-index of 114, while utilities is comparatively more affordable at 102. State-level taxes also shape the true cost of living: Illinois applies a 4.95% income tax rate, and property tax averages 1.73% of assessed home value. The combined sales tax rate is 8.83%. Local income tax may apply in some municipalities.

Over the past twelve months, the cost of living in Chicago has remained relatively stable. Among the 5 tracked cities in Illinois, Chicago ranks #4 from most to least affordable. Whether you're evaluating a job offer, planning a relocation, or comparing salary purchasing power, these numbers give a grounded, data-backed view of what life in Chicago actually costs.