Side-by-side cost of living comparison for 2026
Median Income: $43,125
Population: 577,222
Median Income: $65,781
Population: 2,693,976
When comparing Milwaukee and Chicago, the overall cost of living differs by 24.4%. Chicago carries a cost index of 112 compared to Milwaukee's 90, meaning your dollar stretches 20% further in Milwaukee.
Housing is where the most significant gap appears between these two cities. Milwaukee has a housing index of 82 compared to Chicago's 118. This 36-point difference translates to substantial monthly savings on rent or mortgage payments in Milwaukee.
Milwaukee is more affordable for: Housing, Food & Groceries, Transportation, Healthcare, Utilities, Entertainment, Taxes.
If you earn $60,000 in Milwaukee, you would need $74,667 in Chicago to maintain the same standard of living. For a $100,000 salary, the equivalent would be $124,444.
The median household income in Milwaukee is $43,125 compared to $65,781 in Chicago. Chicago has higher incomes, though the higher cost of living may offset this advantage.
Safety: Milwaukee scores 4/10 while Chicago scores 4/10 in our safety assessment.
Weather: Chicago enjoys better weather with a score of 4/10 versus Milwaukee's 3/10.
Job Market: Chicago has the stronger job market (7/10) compared to Milwaukee (6/10).
Milwaukee 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.
