Side-by-side cost of living comparison for 2026
Median Income: $75,413
Population: 978,908
Median Income: $65,781
Population: 2,693,976
When comparing Austin and Chicago, the overall cost of living differs by 3.7%. Chicago carries a cost index of 112 compared to Austin's 108, meaning your dollar stretches 4% further in Austin.
Housing is where the most significant gap appears between these two cities. Chicago has a housing index of 118 compared to Austin's 120. This 2-point difference translates to substantial monthly savings on rent or mortgage payments in Chicago.
Austin is more affordable for: Food & Groceries, Transportation, Healthcare, Entertainment, Taxes.
Chicago is more affordable for: Housing, Utilities.
If you earn $60,000 in Austin, you would need $62,222 in Chicago to maintain the same standard of living. For a $100,000 salary, the equivalent would be $103,704.
The median household income in Austin is $75,413 compared to $65,781 in Chicago. While Austin has higher incomes, combined with lower costs, residents enjoy greater purchasing power.
Safety: Austin scores 7/10 while Chicago scores 4/10 in our safety assessment.
Weather: Austin has an edge in climate with a 6/10 weather score compared to Chicago's 4/10.
Job Market: Austin's job market (9/10) is stronger than Chicago's (7/10).
Austin is the more affordable option overall, but cost is just one factor in deciding where to live. Consider your career opportunities, family needs, and lifestyle preferences alongside the financial comparison. Chicago may justify its higher costs with unique cultural amenities that many residents find worthwhile.
