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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Premium market, smart picks: while the market trends above the national average, the gap between the most and least expensive cities here is wider than you'd think. Chicago at index 111 is the standout — offering meaningful savings without leaving a desirable market.
Premium market, smart picks: while the market trends above the national average, the gap between the most and least expensive cities here is wider than you'd think. Chicago at index 111 is the standout — offering meaningful savings without leaving a desirable market.
Here's Chicago by the numbers — and there's a lot to like (and a little to watch). And on balance, cost index: 111. Rent: $2,292/month — which, honestly, is lower than you'd expect here — . Income: $75,134/year. Home price: $312,457. Population: 2,664,452. The strongest category is Utilities at 102; the most expensive is Housing at 127. Translate that rent to annual numbers, and residents are costing renters $4,764 more per year vs. the national median. This is quietly one of the better values out there.
Bottom line: Chicago, IL leads this ranking for clear, data-backed reasons — but the "best" city depends on your priorities. Click into any city below to see the full detail page with 12-month trend charts, profession-specific salary data, and a breakdown of all five cost categories. If you're seriously considering a move, use our salary calculator to model your specific income against these numbers.
#1 Ranked: Chicago, IL — cost index 111, rent $2,292/mo, income $75,134
Chicago rent up 5% over the past year
2 of 2 cities come in below the national cost-of-living average of 112
Data sourced from Census Bureau, Zillow, BLS, and Tax Foundation — current as of 2026
| Rank | City | Cost Index | Median Rent | |
|---|---|---|---|---|
| 1 | ChicagoIL | 111 | $2,292 | Details |
| 2 | NashvilleTN | 108 | $1,772 | Details |
2,664,452 residents · Illinois
What does daily life actually cost in Chicago? Start with the 37% rent-to-income ratio — stretched, especially for single earners. On the category level, Utilities (index 102) is where the real savings show up, while Housing (index 127) is the line item most likely to surprise newcomers. Income at $75,134 and homes at $312,457 round out a profile that ranks #1 for clear reasons.
687,788 residents · Tennessee
The #2 spot goes to Nashville, and the breakdown explains why. Renters here pay $1,772/month — saving renters $1,476 per year compared to the national average. Meanwhile, Utilities is the standout at index 99, keeping costs manageable. The weak spot? Housing at 120. A 28% rent-to-income ratio keeps most households inside the safe zone.
Our cost of living index uses real Zillow rent data as the foundation, indexed to 100 (national median). Sub-categories (housing, food, transport, utilities, healthcare) are derived from the overall index with regional adjustments. Data is updated monthly.
Chicago (ranked #1) has a cost index of 111 and rent of $2,292/mo, while Nashville (ranked #2) has a cost index of 108 and rent of $1,772/mo — a 3-point difference in cost of living.
City data is refreshed monthly from Census Bureau population estimates, Zillow rent and home price indices, BLS salary data, and Tax Foundation tax rates. Last updated: 2026.
The median 1-bedroom rent in Chicago is $2,292/month as of 2026, based on Zillow's Observed Rent Index. This is $397 above the national median of $1,895/month.
The median home price in Chicago is $312,457, which is 4.2× the local median income. It's on the edge of affordability for median-income households. The national median home price is $467,370.
This ranking was generated using data current as of early 2026. Population and income data comes from the Census Bureau's American Community Survey (5-year estimates). Rent and home price data is from Zillow's monthly releases. Tax rates are from the Tax Foundation's 2025 edition. Rankings are refreshed monthly.