Side-by-side cost of living comparison for 2026
Median Income: $49,127
Population: 1,603,797
Median Income: $65,781
Population: 2,693,976
When comparing Philadelphia and Chicago, the overall cost of living is remarkably similar. Chicago carries a cost index of 112 compared to Philadelphia's 112, meaning your dollar stretches 0% further in Philadelphia.
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.
Philadelphia is more affordable for: Housing, Entertainment.
Chicago is more affordable for: Food & Groceries, Transportation, Healthcare, Utilities, Taxes.
If you earn $60,000 in Philadelphia, you would need $60,000 in Chicago to maintain the same standard of living. For a $100,000 salary, the equivalent would be $100,000.
The median household income in Philadelphia is $49,127 compared to $65,781 in Chicago. Chicago has higher incomes, along with competitive costs, giving residents strong purchasing power.
Safety: Philadelphia scores 4/10 while Chicago scores 4/10 in our safety assessment.
Weather: Philadelphia has an edge in climate with a 5/10 weather score compared to Chicago's 4/10.
Job Market: Chicago has the stronger job market (7/10) compared to Philadelphia (6/10).
Philadelphia 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.
