ChicagovsToronto
Overall
💰-8.5%
Chicago is 8.5%cheaper
Rent
🏠+7.7%
Housing is 7.7% higher
Dining
🍽️-6.3%
Restaurants 6.3% cheaper
Groceries
🛒-6.3%
Food shopping 6.3% less
Comparing the cost of living between Chicago, United States and Toronto, Canada reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Chicago is more affordable than Toronto by approximately 8.5%. 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 lower than in Toronto by 7%. A one-bedroom apartment in Chicago's city center costs around $2,200, while the same in Toronto is approximately CA$2,400.
Dining out in Chicago costs about the same compared to Toronto. An inexpensive restaurant meal costs $18 in Chicago versus CA$20 in Toronto.
Public transportation in Chicago is more affordable, with monthly passes at $105 compared to CA$156 in Toronto.
Purchasing power in Chicago is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Toronto.
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 Toronto, the same lifestyle would cost around CA$739. For families, these figures increase significantly, with a family of four requiring about $2,232 monthly in Chicago versus CA$2,588 in Toronto. 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 Toronto 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 Toronto 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
Toronto
Frequently Asked Questions
Is Chicago more expensive than Toronto?
No, Chicago is approximately 8.5% cheaper than Toronto. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Chicago compared to Toronto?
To maintain the same standard of living, you would need approximately 92% of your Toronto salary when living in Chicago. For example, if you earn $50,000 in Toronto, you'd need about $46,067 in Chicago for a comparable lifestyle.
What are the biggest cost differences between Chicago and Toronto?
The most significant cost difference is in housing. Rent prices differ by approximately 7%, making it a major factor in your budget planning. 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 Toronto for affordability.
What's a reasonable monthly budget for Chicago vs Toronto?
In Chicago, a single person needs approximately $2,238 per month (including rent), while a family of four requires about $5,032. In Toronto, these figures are CA$2,639 for singles and CA$5,588 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Chicago and Toronto in 2025 shows moderate 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.
Need to calculate salary equivalence?
Find out how much you need to earn in Toronto to maintain your lifestyle from Chicago
Calculate Salary Equivalence