Side-by-side cost of living comparison for 2026
Median Income: $65,781
Population: 2,693,976
Median Income: $60,931
Population: 1,608,139
When comparing Chicago and Phoenix, the overall cost of living differs by 10.7%. Chicago carries a cost index of 112 compared to Phoenix's 100, meaning your dollar stretches 11% further in Phoenix.
Housing is where the most significant gap appears between these two cities. Phoenix has a housing index of 102 compared to Chicago's 118. This 16-point difference translates to substantial monthly savings on rent or mortgage payments in Phoenix.
Chicago is more affordable for: Utilities.
Phoenix is more affordable for: Housing, Food & Groceries, Transportation, Healthcare, Entertainment, Taxes.
If you earn $60,000 in Chicago, you would need $53,571 in Phoenix to maintain the same standard of living. For a $100,000 salary, the equivalent would be $89,286.
The median household income in Chicago is $65,781 compared to $60,931 in Phoenix. While Chicago has higher incomes, the higher cost of living may offset this advantage.
Safety: Chicago scores 4/10 while Phoenix scores 6/10 in our safety assessment.
Weather: Phoenix enjoys better weather with a score of 7/10 versus Chicago's 4/10.
Job Market: Both cities have comparable job markets at 7/10.
Phoenix 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.
