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Cost of Living and Inflation in Chicago, Illinois: What do you need to know?

15 local experts

Here's what 15 local experts had to say about prices and the cost of living in Chicago, Illinois.

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Chicago is a vibrant city with lots to do. It is expensive to live here so budgeting is advisable.

Don’t move to Chicago. It’s full of crooks in politics and on the street. More burglaries are happening and Insurance is going up, even in the suburbs. Yet the price of property is sky high. Don’t understand! I guess it’s good if you’re a criminal. It’s a sanctuary city.

If you are moving to Chicago, the neighborhoods are very distinct from one another in lifestyle, cost of living, safety, and access to amenities. As for crime, the majority is concentrated in a few areas, but like any other city, be cautious about your surroundings and listen to your gut. Most Chicagoans are happy to help strangers and will happily give directions or recommendations. The best sources for cheap but good groceries are Aldi and Trader Joe’s.

Mobs on the streets beating anyone they see, smashing windows on cars, stealing. The police are not allowed to do what’s necessary because the mayor won’t let them. Criminals run the city. Not safe to live here or visit. Tourist are the favorite target for criminals, gangs, flash mobs. Very high taxes.

Someone who is moving to Chicago should consider the cost of living in the city; the rent is higher than one would expect. Even small apartments are expensive. Our two bedroom apartment costs $3,000 per month. On top of the rent, one has to pay for parking. A parking spot can potentially cost as much as car payment!

Someone considering moving to Chicago should know the city has high property taxes. Additionally, he or she should determine whether they want to rely on public transportation or drive their own vehicle. If they intend to use public transportation, then it is a good idea to take up residence close to a train line.

Kendra, says: 2020

Living downtown, it is very easy to get around Chicago without a car. The CTA transit system, and the Metra lines, are wonderful alternatives to wasteful cars. Gas is very expensive in Cook County, as well. It is important to research the area or neighborhood in which you would like. Some areas are more dangerous than others.

Taylor, says: 2020

When moving to Chicago, people should keep in mind how beautiful the city can be, especially at night. Sure, everyone talks about deep-dish pizza and Lake Shore Drive, but our city is so much more. Public transportation makes getting around the city a breeze and there is always something happening around the city. Rent can be a bit pricey, but there is no place like Chicago.

Kristen, says: 2020

Chicago is a beautiful, urban city in Illinois. With some of the highest rated restaurants in the country, beautiful parks, and the riverwalk, it also one of the most densely populated cities in the country. If one moves to Chicago, they must be prepared for an elevated cost of living, including the price of rent.

Someone moving to Chicago should know deep dish pizza is the best kind of pizza. They should also know that the beach is the place on a hot summer day. a new Chicago resident should know parking a car on the street is competitive and hard, and it’s best to rent a private parking spot.

Lauren, says: 2020

Chicago has a unique duality that is not comparable to any major US city. While one may think that being non-coastal is a drawback for the city, Lake Michigan aids in refuting that claim as a moot point. The beaches along Lake Michigan, made accessible by the highly revered Lake Shore Drive (LSD), rival those of Malibu or Long Island. Residents are given the two unparalleled luxuries of being in the heart of the American midwest and feeling a coastal-like beach breeze.

Kenneth, says: 2020

The cost of living in Chicago is among the highest in the nation. However, there are many affordable apartments near the south suburbs. The city is also known to have limitless food options. The weather fluctuates often and is extremely unpredictable. We have two seasons in Chicago. They are winter and summer.

Are you moving to Chicago? The first thing to consider is whether you want to rent or buy a property. Chicago and the state of Illinois have some of the highest property taxes in the nation.

Nakira, says: 2020

Someone moving to Chicago should know how expensive it is to live here. If you want to live in an area with a low crime rate, expect to pay upwards of $2000-$3000 a month for just a studio apartment let alone a three or four bedroom. In some cases, even neighborhoods with high crime rates are expensive to live in due to its location in relation to public transportation to downtowns.

Chicago offers cultural spectacles, delicious cuisine, and awe-inspiring architecture; however, one must consider the cost of rent when moving to the Windy City. Quaint neighborhoods, such as Wicker Park, Logan Square, and Lincoln Park, attract people from diverse backgrounds, but the price of engaging with such vibrant communities remains high. With a steady job and the right number of roommates, though, anyone can experience the adventures of the Midwest’s greatest city.

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