Cost of Living in Chicago

While the cost of living in Chicago may not be as high as in other US cities, like New York or Los Angeles, it is by no means a cheap place to live. Housing and transport costs, along with entertainment expenses, can add up quickly.

As Chicago continues to grow as a major financial and business hub, development has driven up living costs across the city. New arrivals should ensure their earnings are sufficient to cover expenses, particularly when it comes to accommodation and commuting.

Cost of accommodation in Chicago

Accommodation is likely to be the most significant expense for anyone living in Chicago. Ultimately, how much you spend on rent will depend on the area or suburb you choose to live in, as well as whether you opt for an apartment or a freestanding house. Areas close to the city centre are pricier than outlying suburbs.

Accommodation in Chicago 
Areas and Suburbs in Chicago

Cost of transport in Chicago

Those moving to Chicago will be glad to know they won’t necessarily need to invest in a car. The city has a well-developed and largely affordable public transport network, consisting mainly of buses and subway lines. To save money, regular commuters should invest in a monthly pass.

Public Transport in Chicago

Cost of groceries in Chicago

While the cost of groceries in Chicago is higher than the national average, how much you spend will depend a great deal on your eating habits and choice of grocery store. Chain supermarkets, like Jewel-Osco and Mariano’s, are located throughout the city and offer a wide variety of items at reasonable prices.

For those looking for organic or speciality items, stores like Whole Foods and Trader Joe’s are available, but may be slightly more expensive. Shopping at local farmers’ markets can be a good way to save money while supporting local businesses and accessing fresh produce.

Cost of entertainment and eating out in Chicago

Entertainment and leisure pursuits in Chicago are generally more reasonably priced than in many other US cities. There are also plenty of activities in Chicago costing little or nothing. For example, most museums offer free entry on one day a week. There are also lots of free music and arts festivals that take place in Chicago throughout the year, and plenty of public parks to enjoy at no cost.

Chicago boasts a wide-ranging culinary scene with numerous dining options, from food trucks and casual diners to high-end restaurants. The cost of eating out varies depending on the type of establishment and its location. Fast-food chains and local eateries in less expensive neighbourhoods tend to offer meals at affordable prices.

In contrast, dining at upscale restaurants in downtown or popular areas such as the Magnificent Mile or River North will be costlier. On the whole, Chicago’s food scene is known for its value for money, offering world-class dining experiences at lower prices than equivalent venues in other major cities.

Lifestyle in Chicago

Cost of education in Chicago

There are many excellent public schools in Chicago that can be attended free of charge. New arrivals who choose to send their children to a private or international school should check whether their employment relocation package includes an allowance for their children’s school fees, as these can be high.

Education and Schools in Chicago 
International Schools in Chicago

Cost of healthcare in Chicago

Healthcare in Chicago, like in the rest of the United States, can be pretty expensive. Costs can vary widely based on whether an individual has health insurance and the quality of that coverage. If you have extensive health insurance, you can expect most healthcare costs to be covered, but copays and deductibles can still add up.

The costs can be very high for those without insurance or with limited coverage, even for routine care and prescription medicines. New arrivals are strongly recommended to secure adequate health insurance, either privately or through their employer, before moving to the city.

Healthcare in Chicago

Cost of living in Chicago chart

Prices are listed in US dollars (USD) and may vary depending on the product and service provider. The list below shows average prices for Chicago in January 2026.