New YorkvsChicago
Overall
💰-22.0%
New York is 22.0%cheaper
Rent
🏠-38.0%
Housing is 38.0% lower
Dining
🍽️-24.0%
Restaurants 24.0% cheaper
Groceries
🛒-22.0%
Food shopping 22.0% less
Comparing the cost of living between New York, United States and Chicago, United States reveals significant insights for anyone considering relocation or travel in 2026. Our comprehensive analysis shows that New York is more affordable than Chicago by approximately 22.0%. 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 New York are higher than in Chicago by 61%. A one-bedroom apartment in New York's city center costs around $4,539, while the same in Chicago is approximately $2,352.
Dining out in New York is notably more expensive compared to Chicago. An inexpensive restaurant meal costs $25 in New York versus $20 in Chicago.
Public transportation in New York is more expensive, with monthly passes at $133 compared to $105 in Chicago.
Grocery shopping in New York is more expensive by approximately 28%. 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 New York can expect to spend approximately $879 per month (excluding rent), while in Chicago, the same lifestyle would cost around $705. For families, these figures increase significantly, with a family of four requiring about $3,076 monthly in New York versus $2,466 in Chicago. 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 Chicago to New York, 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 New York to Chicago 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
New York
Chicago
Frequently Asked Questions
Is New York more expensive than Chicago?
No, New York is approximately 22.0% cheaper than Chicago. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in New York compared to Chicago?
To maintain the same standard of living, you would need approximately 82% of your Chicago salary when living in New York. For example, if you earn $50,000 in Chicago, you'd need about $40,984 in New York for a comparable lifestyle.
What are the biggest cost differences between New York and Chicago?
The most significant cost difference is in housing. Rent prices differ by approximately 61%, 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, New York provides lower living costs, which benefits budget-conscious travelers. Consider New York if you prioritize cultural experiences, or Chicago for better value.
What's a reasonable monthly budget for New York vs Chicago?
In New York, a single person needs approximately $3,580 per month (including rent), while a family of four requires about $8,008. In Chicago, these figures are $2,417 for singles and $5,416 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between New York and Chicago in 2026 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.
Need to calculate salary equivalence?
Find out how much you need to earn in Chicago to maintain your lifestyle from New York
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