Cost of Living in Chicago, IL (2026) (2026)
Chicago delivers big-city living at a fraction of coastal prices. A world-class food scene, stunning lakefront architecture, and a strong job market in finance, tech, and healthcare make it a top relocation pick.
Avg 1BR Rent
$2,100
Avg 2BR Rent
$2,700
State Tax
4.95%
Median Income
$80,600
Affordability Rating
Tight$1,750/mo rent on $70K in Chicago
Rent Affordability by Salary in Chicago
| Salary | Take-Home | Max Rent (30%) | After Expenses | ||
|---|---|---|---|---|---|
| $50k | $3,318 | $1,250 | $1,118 | Tight | $50k in Chicago |
| $60k | $3,946 | $1,500 | $1,496 | Tight | $60k in Chicago |
| $70k | $4,515 | $1,750 | $1,815 | Tight | $70k in Chicago |
| $80k | $5,060 | $2,000 | $2,110 | Fair | $80k in Chicago |
| $90k | $5,605 | $2,250 | $2,405 | Fair | $90k in Chicago |
| $100k | $6,150 | $2,500 | $2,700 | Great Value | $100k in Chicago |
Monthly Cost Breakdown in Chicago
Living in Chicago: What to Expect
Chicago is the big city that still feels like a community. Deep-dish pizza debates, Cubs vs. Sox loyalty, and summer on the lakefront define the culture. Winters are brutal but Chicagoans wear it as a badge of honor.
Best Neighborhoods for Renters
Logan Square and Pilsen offer artsy vibes at reasonable rents, while Lincoln Park and Lakeview are pricier but walkable and vibrant. The Loop is great for work but quieter after hours.
Getting Around
The L train system is extensive and reliable for most commutes. Many Chicagoans live car-free, especially in neighborhoods along the Blue, Red, or Brown lines.