Cost of Living / Chicago, IL Metro
Cost of Living in Chicago, IL Metro
Official metro name: Chicago-Naperville-Elgin, IL-IN-WI Metro Area
Chicago, IL Metro has a population of 9,566,955. Median household income is $85,087 and median rent is $1,310 per month. Rent is roughly 18.5% of median monthly income.
State: ILPopulation: 9,566,955Income: $85,087Rent: $1,310Affordability: Affordable (18.5%)
Median Household Income
$85,087
Annual (ACS median)
Median Rent
$1,310
Monthly (ACS median gross rent)
Rent as % of Income
18.5%
rent ÷ (income/12)
Cost Index
113
Simplified relative index
Is Chicago, IL Metro expensive?
Based on median rent and income, Chicago, IL Metro has a Affordable rent burden. Median rent is $1,310, which is about 18.5% of median monthly household income.
Average rent in Chicago, IL Metro
Median rent (ACS) is $1,310 per month. (Neighborhoods vary widely.)
How much income do you need in Chicago, IL Metro?
Median household income (ACS) is $85,087 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in IL
Compare Chicago, IL Metro with nearby metros:
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.