Chicago, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
109
Chicago's Overall Cost Of Living
1.1x
Higher Than The National Average
236 out of 338
In Illinois
4,038 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Chicago is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Chicago, IL?

According to the most recent data on the cost of living, Chicago has an overall cost of living index of 109 which is 1.1x higher than the national index of 100.

Compared to only Illinois, Chicago has a cost of living index that's 1.1x higher than Illinois's index of 98.

The standard of living in Chicago ranks as #4,039 most affordable out of the 6,418 places we measured in Illinois. By definition, that implies Chicago ranks as the #2,380 most expensive place in the Prairie State.

For more reading on life in Chicago, check out:

Chicago Cost Of Living Vs. Illinois

Living Expense Chicago Illinois National Average
Overall 109 98 100
Services 115 95 100
Groceries 106 97 100
Health 99 99 100
Housing 117 96 100
Transportation 115 105 100
Utilities 92 94 100
For more reading on cost of living around Illinois, check out:
Chicago Cost of Living Vs. IL

Chicago, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$267,600
Median Home Value
$1,154
Median Rent
$62,097
Median Income
Statistic Chicago Illinois United States
Median Home Value $267,600 $202,100 $229,800
Median Rent $1,154 $1,038 $1,096
Median Income $62,097 $68,428 $64,994
Home Value To Income 4.3x 3.0x 3.5x
Rent To Monthly Income 0.22x 0.18x 0.2x

Detailed Chicago Services Costs Vs. Illinois

Item Chicago Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67

Detailed Chicago Groceries Costs Vs. Illinois

Item Chicago Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05

Detailed Chicago Health Costs Vs. Illinois

Item Chicago Illinois
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05
Toothpaste $2.46 $2.34

Detailed Chicago Transportation Costs Vs. Illinois

Item Chicago Illinois
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Chicago Utilities Costs Vs. Illinois

Item Chicago Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Chicago SnackAbility

7
/10
Overall SnackAbility
Jobs
6/10
Housing
8.5
Affordability
5
Diversity
10
Safety
6
Amenities
10
Education
8
Commute
4

Cost Of Living In Cities Around Chicago

City Population Cost Of Living Vs. Chicago
Cicero, IL 81,471 98 0.9x
Berwyn, IL 54,850 105 1.0x
Oak Park, IL 52,102 129 1.2x
Glenview, IL 47,218 147 1.3x
Elmhurst, IL 46,571 131 1.2x
Park Ridge, IL 37,431 131 1.2x
Glen Ellyn, IL 27,741 132 1.2x
Wilmette, IL 27,114 166 1.5x
Darien, IL 21,843 111 1.0x
Hinsdale, IL 17,366 193 1.8x

Articles About Illinois

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