How Much Does it Cost to Live in Chicago, IL?

Moving to Chicago? No matter if you're moving locally or long-distance, one of the first things you'll want to plan for is how much you'll be spending on housing, essential goods, and other living expenses—especially since Chicago is known for being a more expensive Midwest city. For additional considerations, ask movers questions, look into where people are moving, and use our guide to learn more about the cost of living in Chicago and how it compares to the national average.

Cost of living data provided by the Council for Community and Economic Research (C2ER).

How Much Does It Cost to Live in Chicago?

The overall cost of living in Chicago is 15.6% higher than the national average, with housing costs being particularly more expensive compared to the rest of the country. However, Chicago residents can still find savings in areas like utilities. Explore more cost comparisons in the table below!

Cost of Housing in Chicago

Chicago housing is more expensive than the national average by nearly 43%. Renting an apartment is significantly more expensive, but buying a home in Chicago is closer to the national average and may be worth the investment. Remember that your housing costs will vary depending on the area you live in and your home size, so consider choosing a more affordable neighborhood if you're on a budget. See more on Chicago housing costs below.

Cost of Utilities in Chicago (Monthly)

Chicago residents can save on monthly living expenses thanks to utilities being about 5% less than the national average. While total costs do vary, energy bills tend to be lower, and phone bills are slightly more expensive.

Cost of Groceries in Chicago

The cost of groceries in Chicago is fairly comparable to the national average—typically ranging from $300 - $500 per month for single adults. While total grocery costs will depend on your home size, lifestyle, and where you shop—see the average cost of grocery items in Chicago below!

Cost of Healthcare in Chicago

Healthcare costs in Chicago are about 10% higher than the national average, with doctor visits and optometrist visits being particularly high. However, you may be able to save on prescription medications and other medical services. Learn more about the cost of healthcare in Chicago below.

Cost of Transportation in Chicago

When it comes to fuel costs and auto shop services, the cost of transportation in Chicago is nearly 7% higher than the national average. Most commuters in Chicago rely on public transportation, which can help save on costs. And, certain neighborhoods like West Loop, Lincoln Park, and Oak Park are extremely walkable. Here are some average costs of owning a vehicle in Chicago.

Cost of Goods & Services in Chicago

Goods and services in Chicago cost around 7% more than the national average, but there are a wide variety of things that contribute to this category. While goods like toothpaste and shampoo are close to the national average, services like haircuts or movie tickets—cost quite a bit more. Explore more details on the cost of different goods and services in Chicago below.

Frequently Asked Questions

Is Chicago expensive to live in?

Yes, Chicago is considered an expensive city to live in. Overall, the Chicago cost of living is 15.6% more expensive than the national average. However, certain categories like utilities are less expensive than the national average, with many recurring costs like groceries costing similar to the national average.

What salary is needed to live comfortably in Chicago?

Single adults should aim for a salary of $80,000 - $100,000 to live comfortably in Chicago, while a family with kids may need to earn closer to $230,000. Keep in mind that factors like lifestyle, home size, and which neighborhood you live in may affect the total amount needed.

What are the average monthly expenses in Chicago?

While monthly expenses vary greatly depending on your lifestyle, a single adult can expect to spend about $1,300 per month, excluding rent. If you are moving to Chicago on a budget, think about areas you may be able to cut on costs, such as choosing an affordable Chicago neighborhood, using public transportation, and limiting entertainment activities.

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