Side-by-side cost of living comparison for 2026
Median Income: $65,781
Population: 2,693,976
Median Income: $49,127
Population: 1,603,797
When comparing Chicago and Philadelphia, the overall cost of living is remarkably similar. Philadelphia carries a cost index of 112 compared to Chicago's 112, meaning your dollar stretches 0% further in Chicago.
Housing is where the most significant gap appears between these two cities. Philadelphia has a housing index of 112 compared to Chicago's 118. This 6-point difference translates to substantial monthly savings on rent or mortgage payments in Philadelphia.
Chicago is more affordable for: Food & Groceries, Transportation, Healthcare, Utilities, Taxes.
Philadelphia is more affordable for: Housing, Entertainment.
If you earn $60,000 in Chicago, you would need $60,000 in Philadelphia to maintain the same standard of living. For a $100,000 salary, the equivalent would be $100,000.
The median household income in Chicago is $65,781 compared to $49,127 in Philadelphia. While Chicago has higher incomes, combined with lower costs, residents enjoy greater purchasing power.
Safety: Chicago scores 4/10 while Philadelphia scores 4/10 in our safety assessment.
Weather: Philadelphia enjoys better weather with a score of 5/10 versus Chicago's 4/10.
Job Market: Chicago's job market (7/10) is stronger than Philadelphia's (6/10).
Chicago 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. Philadelphia may justify its higher costs with unique cultural amenities that many residents find worthwhile.
