Cost of Living in Chicago, IL, United States

Updated On June 23, 2023

How Much Does It Cost to Live In Chicago, IL?

Chicago is a huge American city in the Midwest and the third largest city and metropolitan area in the United States with a city population of nearly 3 million.

Chicago is a major and important city, well known for music, comedy, shopping, dining, sports, architecture, important colleges and universities, and tourist attractions.

As for the cost of living, Chicago is far less expensive than other cities like LA, NYC, and San Francisco, and many say it’s actually the least expensive metropolis in the United States.

Cost of Living Index:
* Based on Research & User Data


Social life here is generally inexpensive in Chicago, depending on the standard you’re comfortable with.

This is a city that takes fast food very seriously and if you don’t concern yourself with calorie counting, Chicago will be heaven for you.

There are plenty of fast food chains and inexpensive restaurants where you can eat for only 20.00 $.



The major supermarket chains in Chicago are the regular ones: Jewel Osco, Mariano’s, Meijer, Food 4 Less, Aldi, Whole Foods Market, and Trader Joe’s.

You’ll also find the three largest discount store chains: Walmart, Target, and Kmart which have several stores in Chicago as well.



Chicago has some of the least expensive taxi fares in the US for a major city, but if it’s still expensive for you, the best way to see Chicago is by public transit.

It is cheap, efficient, and safe. Owning a car is a big expense and a difficulty when it comes to parking, but it’s still nowhere near the cost elsewhere.

Depending on the neighborhood, parking will be a minimum of $150.



Utilities are not too expensive in Chicago, if you look at the price of all included utilities for an apartment of a larger structure (85m2): for such an apartment, all basic utilities – including electricity, along with heating and cooling, water, gas, and garbage services – costs around 165.79$.

Internet is pretty pricey though, amounting to 70$.

Sports and leisure


Again, compared with the prices of everything else, enjoying some sports and fitness activities isn’t that expensive in Chicago either – it’s in accordance with the European standard.

Becoming a member of a gym or a fitness club will cost you around 65.91$ a month.

Going to the cinema costs nearly the same as it does in most popular European destinations – around 15$ per ticket.

Clothing and shoes


The most famous shopping street in Chicago is a line along Michigan Avenue known as The Magnificent Mile, located in the Near North area.

There, clothes are available and priced at reasonable rates.

For example, a pair of quality jeans like Levi’s costs around 60$, and a pair of quality running sneakers like Nike are around 94$.

Rent per month


A one-bedroom apartment could run anywhere from 400$ – 600$ in the rougher areas of the city like East Garfield Park, Englewood, etc. to roughly 1500$ or more in parts of Lakeview, The Gold Coast, Andersonville, or fashionable neighborhoods such as Wicker Park and Bucktown.

It really only depends upon where you choose to live.

Cost of Living Averages Table for Chicago, IL

*Note: All prices are indicated in USD.
Average Restaurant Prices
Meal (Inexpensive Restaurant)$20.00
Domestic Beer (0.5 Liter)$7.00
Water (0.33 Liter)$2.07
Average Market Prices
Milk (1 Liter)$0.98
Loaf Bread (500g)$3.72
Eggs (12)$4.50
Average Transport Prices
One Way Ticket$2.50
Monthly Pass$80.00
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling)$165.79
1 min. of Prepaid Mobile Tariff Local$0.14
Internet (Unlimited Data, Cable/ADSL)$69.56
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult$65.91
Tennis Court Rent (1 Hour)$12.50
Cinema, 1 Seat, International Release$15.00
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable)$59.14
1 Summer Dress in a Chain Store (Zara, etc...)$40.68
1 Pair of Adidas Walking Shoes (Mid-Range)$93.35
Average Rent Prices
Apartment (1 bedroom) in City Center$2082.19
Apartment (1 bedroom) Outside of Center$1489.6
Apartment (3 bedrooms) in City Center$4114.71

How Does the Average Person Spend Their Money in Chicago, IL?

Rent is the biggest expense of anyone living in Chicago, along with food and groceries.

This goes to show that rent is definitely one of the most expensive aspects of living in this city, if not the most expensive one.

Apart from food and rent, people spend a lot of money on transportation and restaurants – since there are many people who are used to eating all three meals in restaurants.

Utilities are also a considerable expense for an average person living in Chicago – as this is something that just has to be paid, like it or not.

Average Costs Breakdown


Chicago, IL: Average Salary, Minimum Wage & Mortgages

Even though it’s cheap by American standards, Chicago is still an expensive city to live in and much of your earnings can end up going towards simply taking care of your essentials (housing, food, utilities, etc.).

If you earn less than 80-85$ thousand per year, you may be unable to own a vehicle and you are probably not going to live in one of the better neighborhoods unless.

Luckily the average monthly salary is almost 4000$, which is definitely a reasonable amount of money that just goes in line with the high standard of living here.

Chicago is definitely not the most expensive place to be and most people get by without any problems

Average Salary$6082.69
Minimum Wage$2080.00
Mortgage Interest Rate6.65%

Chicago Safety Overview

READ THE FULL REPORT: Chicago Safety Review

Safety Index:

Cost of Living by City in Chicago, IL

CityCost of Living Index
Albany, NY72.4
Albuquerque, NM72.4
Anchorage, AK72.4
Ann Arbor, MI72.4
Arlington, TX72.4
Asheville, NC72.4
Atlanta, GA72.4
Austin, TX72.4
Bakersfield, CA72.4
Baltimore, MD72.4
Bellevue, WA72.4
Bellingham, WA72.4
Berkeley, CA72.4
Birmingham, AL72.4
Boise, ID72.4
Boston, MA72.4
Boulder, CO72.4
Brooklyn, NY72.4
Buffalo, NY72.4
Burlington, VT72.4
Charleston, SC72.4
Charlotte, NC73.33
Chattanooga, TN72.4
Cincinnati, OH72.4
Cleveland, OH72.4
Columbia, SC72.4
Columbus, OH72.4
Dallas, TX72.4
Dayton, OH72.4
Denver, CO72.4
Des Moines, IA72.4
Detroit, MI72.4
El Paso, TX72.4
Eugene, OR72.4
Everett, WA72.4
Fayetteville, AR72.4
Fort Myers, FL72.4
Fort Wayne, IN72.4
Fort Worth, TX72.4
Fresno, CA74.2
Gainesville, FL74.2
Grand Rapids, MI74.2
Greensboro, NC74.2
Hartford, CT74.2
Honolulu, HI74.2
Houston, TX74.2
Huntsville, AL74.2
Indianapolis, IN74.2
Irvine, CA74.2
Jacksonville, FL74.2
Jersey City, NJ74.2
Kansas City, MO74.2
Knoxville, TN74.2
Las Vegas, NV74.2
Lexington, KY74.2
Little Rock, AR74.2
Long Beach, CA74.2
Los Angeles, CA74.2
Louisville, KY74.2
Lubbock, TX74.2
Madison, WI74.2
Memphis, TN74.2
Miami, FL74.2
Milwaukee, WI74.2
Minneapolis, MN74.2
Nashville, TN74.2
New Orleans, LA74.2
New York, NY74.2
Oakland, CA74.2
Oklahoma City, OK74.2
Olympia, WA74.2
Orlando, FL74.2
Peoria, IL72.4
Philadelphia, PA72.4
Phoenix, AZ72.4
Pittsburgh, PA72.4
Portland, ME72.4
Portland, OR72.4
Raleigh, NC72.4
Reno, NV72.4
Richmond, VA74.2
Rochester, NY74.2
Sacramento, CA74.2
Saint Louis, MO74.2
Saint Paul, MN74.2
Saint Petersburg, FL74.2
Salem, OR74.2
Salt Lake City, UT74.2
San Antonio, TX74.2
San Diego, CA74.2
San Francisco, CA74.2
San Jose, CA74.2
Santa Barbara, CA74.2
Santa Rosa, CA74.2
Seattle, WA74.2
Spokane, WA74.2
Springfield, MO74.2
Syracuse, NY74.2
Tacoma, WA74.2
Tallahassee, FL74.2
Tampa, FL74.2
Toledo, OH74.2
Tucson, AZ74.2
Tulsa, OK74.2
Vancouver, WA74.2
Virginia Beach, VA74.2
Washington, DC74.2
West Palm Beach, FL74.2
Wichita, KS74.2

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