Cost of Living in Chicago
United States • Population: 2,693,976
Key Living Costs
Monthly Budget Estimates
Cost of Living Overview: Chicago
Chicago, United States is 22% more affordable than New York City, making it a moderately affordable destination for expats and digital nomads in 2026. With a single person's monthly budget averaging around $2,417 (including rent outside city center), understanding the true cost of living in Chicago is essential for anyone planning to relocate or spend extended time in this North America city.
Key Cost Highlights
A one-bedroom apartment in Chicago's city center costs around $2,352 per month, while living outside the center saves you approximately 27% at $1,712.
Dining out in Chicago ranges from $20 for an inexpensive meal to $100 for a mid-range three-course dinner for two. Daily coffee runs will set you back $5 per cappuccino.
Public transit is a significant expense at $105 per month for unlimited travel. A single trip costs $3.
Basic utilities for an 85m² apartment (electricity, heating, cooling, water, garbage) average $155 monthly. Internet (60 Mbps+) adds another $62.
Purchasing power in Chicago is strong compared to global averages, meaning your money goes further here.
Cost Breakdown
🏠 Housing (Monthly)
- 1BR City Center$2352
- 1BR Outside Center$1712
- 3BR City Center$4250
🍽️ Food & Dining
- Meal at Restaurant$20
- Mid-range Restaurant (2 people)$100
- Cappuccino$5.25
🚌 Transportation
- Public Transport (Monthly)$105
- Taxi Start$3.25
- Gasoline (1L)$0.95
Living in Chicago
Living in Chicago offers a very affordable lifestyle compared to other major world cities. A single professional can expect to spend $2,417 per month for a comfortable life, while families should budget approximately $5,416 monthly. Housing remains the biggest expense at 71% of a single person's budget. The United States North American lifestyle in Chicago combines affordable dining with reliable transportation.
Who Should Move to Chicago?
Chicago is ideal for freelancers looking for affordable quality of life, young professionals starting their careers, anyone seeking strong purchasing power, and families needing spacious housing. The city's low costs make it perfect for those looking to stretch their savings. With United States's business opportunities and infrastructure, Chicago attracts people from all walks of life.
Money-Saving Tips for Chicago
Money-saving tips for Chicago: Consider living outside Chicago's city center to save 27% on rent. Cook at home to significantly reduce food costs. Shop at local markets for fresh produce at better prices than supermarkets. Additionally, consider using local banking services to avoid international transaction fees, and research any tax treaties between your home country and United States for potential savings on income earned abroad.
Frequently Asked Questions
How much does it cost to live in Chicago per month?
A single person can live comfortably in Chicago for approximately $2,417 per month, including rent outside the city center. This covers housing ($1,712), food, transportation, and utilities. Living in the city center increases costs to around $3,057 monthly.
What is the average rent in Chicago?
In Chicago, a one-bedroom apartment in the city center averages $2,352 per month, while the same outside the center costs $1,712. For a three-bedroom apartment, expect $4,250 in the center or $2,950 outside.
Is Chicago expensive?
Chicago is relatively affordable, with a cost of living index of 78 (New York City = 100). Your money goes further here compared to major US and European cities.
Is Chicago a good city for expats?
Chicago offers good purchasing power and affordable living costs for expats. The North America lifestyle, combined with reliable connectivity and transportation options, makes it an excellent choice for international residents.
How does Chicago compare to New York City?
Chicago is 22% cheaper than New York City. Rent is 38% lower, and groceries are 22% more affordable. Overall, significant savings are possible.
In 2026, Chicago remains a highly affordable destination in North America. Whether you're a digital nomad, expat, or simply exploring relocation options, understanding these costs helps you plan effectively. Compare Chicago with other cities to find your ideal match, or use our salary calculator to determine what you'd need to earn here.
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