Cost of Living in Chicago: What Salary Do You Need?

Chicago offers big-city vibes without the eye-watering prices of New York or San Francisco. From the shores of Lake Michigan to deep-dish pizza and world-class museums, the Windy City has a lot to offer. Here’s what it costs to live there.

Average Salaries in Chicago

The median household income is about $74,474, while the median for single-person households is around $45,840. Tech, finance, and healthcare typically pay more. Use our US salary calculator to estimate your take-home pay in Illinois.

Housing Costs

Chicago is generally more affordable than coastal metros. Average rent runs about $1,495 for a studio, $1,848 for a one-bedroom, and $2,338 for a two-bedroom. Neighborhood matters: Near North Side averages around $3,008 for a one-bedroom, while Lakeview might be closer to $2,016.

Utilities

With cold winters and hot summers, expect to spend around $165 per month on electricity, heating, cooling, water, and garbage. Internet runs $20–$70; a cell plan $35–$60. Streaming services are subject to Chicago’s 9% amusement tax.

Transport

Chicago’s CTA (buses and L trains) makes getting around easy. A single ride is $2.50; a 30-day pass is $75. Many residents don’t own a car. If you do, factor in parking, insurance, and gas.

Groceries and Entertainment

Groceries for one person might run $300–$450 per month. A gym membership is typically $30–$80. Chicago has plenty of free events, parks, and lakefront activities.

Bottom Line

Chicago offers a solid balance of culture, opportunity, and affordability. A salary of $55,000–$65,000 can support a comfortable lifestyle for a single person, especially with roommates or in a modest neighborhood. Check your numbers with our US salary calculator.