Indexed to national average (100)
See what salary you'd need in another city to match your purchasing power in Chicago.
About Chicago
Chicago offers big-city amenities at a fraction of the cost of coastal metros. A major center for finance, manufacturing, and healthcare, Chicago provides strong career opportunities with a more affordable lifestyle.
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Frequently Asked Questions
Is Chicago expensive?
Chicago has a cost of living index of 103.6, where 100 represents the national average. This is close to the national average.
What salary do you need to live comfortably in Chicago?
Based on a rent-to-income ratio of 30%, you'd need at least $57,600 to afford the median 2-bedroom apartment in Chicago and maintain basic expenses.
What is the median rent in Chicago?
The median 2-bedroom rent in Chicago is $1,440 per month, according to HUD Fair Market Rent data.