ChicagovsMadrid
Overall
💰-20.7%
Chicago is 20.7%cheaper
Rent
🏠-23.1%
Housing is 23.1% lower
Dining
🍽️-22.5%
Restaurants 22.5% cheaper
Groceries
🛒-25.0%
Food shopping 25.0% less
Comparing the cost of living between Chicago, United States and Madrid, Spain reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Chicago is more affordable than Madrid by approximately 20.7%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.
Key Cost Differences
Housing costs in Chicago are higher than in Madrid by 30%. A one-bedroom apartment in Chicago's city center costs around $2,200, while the same in Madrid is approximately €1,200.
Dining out in Chicago is notably more expensive compared to Madrid. An inexpensive restaurant meal costs $18 in Chicago versus €12 in Madrid.
Public transportation in Chicago is more expensive, with monthly passes at $105 compared to €55 in Madrid.
Purchasing power in Chicago is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Madrid.
Grocery shopping in Chicago is more expensive by approximately 33%. Basic items like milk, bread, and eggs show higher prices across the board.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Chicago can expect to spend approximately $638 per month (excluding rent), while in Madrid, the same lifestyle would cost around €419. For families, these figures increase significantly, with a family of four requiring about $2,232 monthly in Chicago versus €1,466 in Madrid. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.
Detailed Cost Comparison
🏠 Housing Costs (Monthly Rent)
🍽️ Food & Dining
🛒 Groceries
🚌 Transportation
💡 Utilities & Internet
Tips for Moving Between Cities
For those considering a move from Madrid to Chicago, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from Chicago to Madrid requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.
Quality of Life Indices
Chicago
Madrid
Frequently Asked Questions
Is Chicago more expensive than Madrid?
No, Chicago is approximately 20.7% cheaper than Madrid. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Chicago compared to Madrid?
To maintain the same standard of living, you would need approximately 83% of your Madrid salary when living in Chicago. For example, if you earn $50,000 in Madrid, you'd need about $41,414 in Chicago for a comparable lifestyle.
What are the biggest cost differences between Chicago and Madrid?
The most significant cost difference is in groceries. Grocery costs differ by roughly 33%, affecting your daily shopping expenses. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
Chicago offers better purchasing power, making it more attractive for those earning in strong currencies. However, Chicago provides lower living costs, which benefits budget-conscious travelers. Consider Chicago if you prioritize earning potential, or Madrid for affordability.
What's a reasonable monthly budget for Chicago vs Madrid?
In Chicago, a single person needs approximately $2,238 per month (including rent), while a family of four requires about $5,032. In Madrid, these figures are €1,319 for singles and €3,166 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Chicago and Madrid in 2025 shows significant differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.
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Find out how much you need to earn in Madrid to maintain your lifestyle from Chicago
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