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London vs Chicago

Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.

$/ year

To keep the same standard of living in Chicago, IL, you'd need

$61,882 / year

Chicago, IL is 17% cheaper overall

Category breakdown (Chicago, IL vs London, UK)

  • Housing-28%
  • Food & groceries-11%
  • Transport-14%
  • Utilities-23%
  • Healthcare+23%
  • Goods & services-11%

Full comparison

London, UKChicago, IL
Cost of living
Overall cost index138113
Housing178128
Food118105
Transport130112
Utilities130100
Healthcare88108
Goods & services122108
Housing
Rent, 1-bed centre$2,600/mo$1,900/mo
Rent, 1-bed outside$1,850/mo$1,450/mo
Rent, 3-bed centre$5,200/mo$3,600/mo
Buy price / m² centre$16,000$5,500
Money & purchasing power
$1,000 goes as far as$727$881
Inexpensive meal$20$18
Monthly transit pass$200$105
Taxes
Income tax (top rate)45%37%
VAT / sales tax20%0%
Social security (employee)8%7.7%
Corporate tax25%21%
Capital gains24%20%
Economy & salaries
Avg net salary$2,900/mo$4,300/mo
Minimum wage$2,050/mo$1,257/mo
GDP per capita$49,000$82,000
Work & digital nomad
Digital-nomad visaNoNo
English proficiencyNativeNative
Coworking spaces25090
Time zoneUTC+0UTC-6
Quality of life
Safety index5548
Healthcare index7480
Pollution index6045
Internet speed90 Mbps200 Mbps
Walkability8878
Public transport9278
Family-friendly6260
Tap waterSafe to drinkSafe to drink
Health insurance$450/mo
Life expectancy81 yr79 yr
LGBTQ+ acceptanceHighHigh
Climate
January avg+5 °C-4 °C
July avg+19 °C+24 °C
Sunny days / year106189
Rainfall / year690 mm950 mm
Connectivity
Flight to nearest hub1 h1 h

Taxes & Economy & salaries: United Kingdom vs United States. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.

? Frequently asked questions

Is London cheaper than Chicago?

Chicago is about 17% cheaper than London overall — its cost-of-living index is 113 versus 138 for London.

How much do you need to earn in Chicago to live like in London?

To keep the same standard of living, a $75,000 salary in London is worth about $61,882 in Chicago. Enter your own figure in the calculator above.

Which has lower taxes, London or Chicago?

United States has the lower top income-tax rate — 37% versus 45% in United Kingdom.

More comparisons from London

Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.