Executive Moving Concierge

Moving to Chicago: Ultimate Guide for Living Expenses and Income

Planning on Moving to Chicago. Remember Chicago is the Windy City.

Known for its rich cultural heritage, world-famous deep-dish pizza, and a skyline that boasts some of the most iconic architecture in the U.S., Chicago is more than just a city; it’s a lifestyle.

Chicago will not drain your wallet – means affordable.

When you considering a move to Chicago means a unique blend of big-city life without the overwhelming costs. Not like – New York or Los Angeles.

Chicago offers 3 positive lifestyles – Lower cost of living, Diverse job opportunities & Excellent public transportation.

Whether you’re wondering about the average rent, transportation costs, or where to enjoy the city’s famous culinary delights, this guide provides a comprehensive overview of what to expect when moving to Chicago.

Let’s dive in.

Chicago at a Glance

  • Population of about 2.7 million
  • Chicago is the third-largest city in the U.S.
  • Vibrant culture, stunning architecture, and rich history
  • City’s public transportation system: CTA,
  • Walkable and bikeable: Yes

With top-ranked universities, world-class museums, and diverse culinary, there’s never a shortage of things to do.

Chicago lifestyle balances the fast-paced energy of a metropolis with the laid-back vibe of a community that values its history, culture, and residents.

What Is the Cost of Living in Chicago?

Overall, the cost of living 💵 in Chicago is about 23% higher than the national average.

Housing is the biggest expense there. Rent prices varying depending on the neighborhood.

For example, a one-bedroom apartment in the city center might set you back around $1,800 per month, while the same size apartment outside the city center costs about $1,200.

Utilities, groceries, and transportation are also factors to consider, with utilities averaging around $150 per month and public transportation being very accessible with options like the L-train.

Chicago does have higher property taxes and state taxes compared to other states.

Its relatively lower cost of living compared to coastal cities.

For families or those needing more space… A 3-bedroom apartment in the city center will cost around $3,500 per month. In contrast, the 3-bedroom apartment outside the center comes in at around $2,200 per month.

Note: These prices can vary depending on the neighborhood, building amenities, and proximity to transportation.

Income and Expense Table Comparison for Chicago –

Category

Monthly Cost

Average Income

Average Salary

$6,083 ($73,000/year)

Rent (1-bed city center)

$1,800

Rent (1-bed outside city center)

$1,200

Utilities

$150

Groceries

$300

Entertainment & Leisure

$200

Transportation

$250

Total Monthly Expenses (City Center)

$2,700

Total Monthly Expenses (Outside City Center)

$2,100

On the flip side, if you’re just starting out, you might need to budget more carefully.

Lean more about Illinois:

Your Comprehensive Guide to Moving to Illinois: Everything You Need to Know

Expected Average Salary When Moving to Chicago

If you’re moving to Chicago, it’s essential to know what kind of salary you can expect to earn. On average, the salary in Chicago is around $6,083 per month ~ $73,000 per year. This range can vary depending on industry, experience, and education.

Make sure you understand this – Entry-level positions might earn less. Not only in Chicago, but also everywhere.

$73,000 might seem like a comfortable income in Chicago. This city is generous enough to provide a good quality of life.

L Train Cost

One of the great things about moving to Chicago is the accessibility of its public transportation, particularly the famous L train.

The L (short for “elevated”) is reliable. Affordable.

Whether you’re commuting to work, heading to a Cubs game, or exploring the various neighborhoods, use L train.

  • A single ride fare costs $2.50 for adults
  • For students, there’s a reduced fare of $0.75, making it easier on the budget.
  • Seniors and people with disabilities also benefit from a reduced fare of $1.25.

If you plan to use the L train frequently, consider getting a CTA pass, which offers unlimited rides within a set period. A 1-day CTA pass costs $10, a 3-day pass is $20, a 7-day pass is $28, and a 30-day pass will set you back $105.

The L-train system is extensive, covering most parts of the city. These passes are cost-effective and convenient.

Gas Price

As of the latest data, the price of gas in Chicago is around $0.72 per liter, which translates to roughly $2.72 per gallon.

Gas prices in Chicago tend to be higher than the national average due to factors like state taxes and the city’s location in the Midwest, where fuel distribution costs can be slightly higher.

It’s also worth noting that gas prices can fluctuate based on the season, global oil prices, and other economic factors.

Cost to Build a House

Planning to settle?

Considering building your dream home to build in Chicago?

On average, building a single-family home in Chicago can cost between $400,000 and $600,000.

>>>This price range includes the cost of land, construction, and various permits required by the city. The cost can vary depending on the neighborhood, the size of the lot, and the type of home you’re building. For example, building in a more sought-after area closer to downtown will generally be more expensive than in a more suburban neighborhood.

The cost of materials and labor in Chicago also plays a significant role in determining the overall expense. It’s important to budget for unexpected costs as well, such as custom design features, landscaping, or potential delays in construction.

Working with a reliable contractor and staying on top of local regulations can help keep your project on track and within budget.

While building a house is a significant investment, it allows you to customize your living space to fit your exact needs and tastes.

Movers Cost in Chicago

The cost of hiring movers in Chicago can vary based on several factors, including the size of your home, the distance of the move, and the number of movers required. Hire those companies that has reputation, experience and expertise.

As a moving expert, I can suggest you to avoid the hassle of lugging heavy boxes and furniture through busy city streets. And if you are planning to move in Chicago from long distance, hire professionals.

On average, for a 1-bedroom apartment, hiring two movers for about four hours will cost you around $415.

If you have a larger space, such as a 2-bedroom apartment or a house, you can expect the cost to increase accordingly, potentially reaching $800 to $1,200 depending on the complexity of the move.

Some moving companies may offer additional services like packing and unpacking, which can add to the overall cost but also significantly reduce your stress. It’s a good idea to get quotes from multiple moving companies to ensure you’re getting a fair price.

Pro tip: Consider booking your movers well in advance, especially if you’re planning to move during peak seasons like summer, when demand is higher.

To Do List for Chicago Life

Enthusiasts from different niche or interest? 🏖️  ⛳ 🚴‍

No issues. Chicago backed you for sure.

  • World-class museums, such as the Art Institute of Chicago.
  • Field Museum offers a deep dive into natural history, with exhibits like Sue, the largest and most complete Tyrannosaurus rex ever discovered.
  • For outdoor lovers, Chicago’s extensive park system is a green oasis in the urban landscape.
  • Lurie Garden
  • Millennium Park, with its famous Cloud Gate sculpture (aka “The Bean”), is a must-visit.
  • Grant Park, often referred to as “Chicago’s front yard.”
  • Navy Pier is another popular spot, offering everything from boat tours on Lake Michigan to a giant Ferris wheel with stunning views of the skyline.
  • For animal lovers, the Lincoln Park Zoo offers free admission and a chance to see everything from lions to penguins in a beautiful park setting

To Do’s for Nightlife When Moving to Chicago

Daytime attractions is easy for any cities. But, a diverse nightlife can be offered by few.

Chicago’s nightlife is as vibrant enough. Surely, its offering something for everyone.

Start your evening with a classic Chicago experience by dining on deep-dish pizza at one of the city’s iconic pizzerias.

Afterward, head up to the Skydeck at Willis Tower for breathtaking views of the city lights from 103 stories up—just be sure to bring your camera.

You can update your IG with Instagram-worthy shots.

If you’re in the mood for something a little more adventurous, check out one of the city’s ghost tours, which take you through some of the most haunted spots – a dash of spooky fun.

For a more laid-back evening, enjoy a leisurely stroll along the Chicago Riverwalk or take an architecture cruise to see the city’s iconic buildings illuminated against the night sky.

Taste the Food

You know about Deep-dish pizza, right?

Chicago-style hot dogs are popular as well. But there’s so much more to taste.

Head to the West Loop, specifically Fulton Market, where you’ll find some of the city’s trendiest restaurants, serving everything from upscale Italian to creative takes on classic American fare.

Don’t miss the chance to visit Pilsen, a neighborhood known for its vibrant Mexican food, where you can find everything from authentic tacos to mouthwatering tamales.

Want to Asian cuisine???

Chicago arranged something for you in the various neighborhoods, such as Chinatown or Devon Avenue for an array of Indian and Pakistani dishes.

Don’t Forget to Check Sports Culture

Jackpot!!!

  • Baseball
  • Basketball
  • Football
  • Hockey, there’s a team for you to cheer on.

2 iconic Baseball teams to – the Chicago Cubs and the Chicago White Sox.

Check these emojis – 🏀 🏈 🏒. Do you have interest on these? No worries, teams in the NFL can get your eyeballs and plenty of opportunities to catch a game.

Getting Involved in Chicago's Community Life

Moving to Chicago offers an opportunity to become part of a vibrant and diverse community. Whether you’re new to the city or just looking to expand your social circle, Chicago offers countless ways to get involved and meet new people.

Neighborhood Community Spirit

  • Lincoln Park, Wicker Park, and Andersonville are known for their strong community spirit.
  • Local events, farmers’ markets, and block parties make it easy to connect with your neighbors.

Volunteering Opportunities

Volunteering is another great way to immerse yourself in Chicago’s community life. Organizations like:

  • Greater Chicago Food Depository
  • Chicago Cares

These offer opportunities to give back, whether it’s by:

  • Helping at a food bank.
  • Mentoring local youth.
  • Participating in community clean-up projects.

Cultural Engagement

If you’re interested in the arts, consider joining one of the city’s many cultural organizations or becoming a member of a local museum, like the:

  • Art Institute.
  • Museum of Contemporary Art

Staying Active

For those looking to stay active, Chicago’s extensive park system offers countless recreational activities:

  • Joining a local sports league.
  • Taking yoga classes in the park

📖 Moving to Atlanta? Learn more here.

📖 Read this blog if you are planning to Move to Charleston

Conclusion

Chicago …

City’s storied history, its reputation as a hub for education and industry, or simply the allure of its diverse neighborhoods 🏡 & deep-dish pizza 🍕

Cost of living is more manageable compared to coastal metropolises, making it an attractive option for those seeking an urban lifestyle without the exorbitant price tag.

The city’s robust public transportation 🚇 system, walkable streets, and vibrant community life make it possible to live comfortably without the need for a car.

And remember to explore the city’s rich cultural and recreational offerings once you arrive

Chicago promises to be a rewarding adventure + new opportunities + unforgettable experiences.

Definitely consider Moving to Chicago!

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