Cost of Living in Chicago, IL 2026 - Calculator & Comparison

Chicago Key Facts

State income tax rate: ~5.0%. See Illinois tax brackets

What is the cost of living in Chicago, IL?

The overall cost of living index in Chicago is 107, which is 7% above the national average of 100. Housing is the biggest factor at 105.

Is Chicago expensive to live in?

Chicago is moderately above the national average in cost, ranking #32 out of 50 major cities with an index of 107.

What is the median household income in Chicago?

The median household income in Chicago, IL is approximately $65,781.

Austin, TX

Index: 108

Atlanta, GA

Index: 108

Minneapolis, MN

Index: 108

Baltimore, MD

Index: 105

Colorado Springs, CO

Index: 105

Tampa, FL

Index: 105