Side-by-side cost of living comparison for 2026
Median Income: $65,781
Population: 2,693,976
Median Income: $75,413
Population: 978,908
When comparing Chicago and Austin, the overall cost of living differs by 3.6%. 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.
Chicago is more affordable for: Housing, Utilities.
Austin is more affordable for: Food & Groceries, Transportation, Healthcare, Entertainment, Taxes.
If you earn $60,000 in Chicago, you would need $57,857 in Austin to maintain the same standard of living. For a $100,000 salary, the equivalent would be $96,429.
The median household income in Chicago is $65,781 compared to $75,413 in Austin. Austin has higher incomes, along with competitive costs, giving residents strong purchasing power.
Safety: Chicago scores 4/10 while Austin scores 7/10 in our safety assessment.
Weather: Austin enjoys better weather with a score of 6/10 versus Chicago's 4/10.
Job Market: Austin has the stronger job market (9/10) compared to Chicago (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.
