Chicago vs London
Cost of Living Comparison 2026
Chicago is ~22% cheaper overall
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · Reviewed April 2026
Chicago
United States
COL+Rent
57.1
Rent Index
44
Groceries
72.9
Restaurant
73.7
London
United Kingdom
COL+Rent
72.9
Rent Index
56.2
Groceries
73.9
Restaurant
93.3
Monthly Cost Comparison
| Category | Chicago | London | Diff |
|---|---|---|---|
| Rent (1BR City) | $1,998 | $2,503 | $505 |
| Rent (1BR Outside) | $1,566 | $1,960 | $394 |
| Groceries | $418 | $422 | $4 |
| Restaurant Meal | $22 | $28 | $6 |
| Transit Pass | $73 | $113 | $40 |
| Utilities | $169 | $258 | $89 |
Monthly Budget Comparison
| Lifestyle | Chicago | London |
|---|---|---|
| Minimal | $2,189/mo | $2,738/mo |
| Typical | $2,988/mo | $3,716/mo |
| Comfortable | $3,701/mo | $4,596/mo |
Purchasing Power Equivalence
| Budget in Chicago | ≈ in London | Difference |
|---|---|---|
| $1,500/mo | $1,915/mo | +$415 |
| $2,000/mo | $2,553/mo | +$553 |
| $3,000/mo | $3,830/mo | +$830 |
Detailed Budget Analysis
See exactly how specific monthly budgets break down in each city:
Analysis: Chicago vs London for Expats & Remote Workers
Our data shows Chicago is approximately 22% more affordable than London when combining rent and daily living costs. Chicago's COL+Rent Index of 57.1 vs London's 72.9 (both measured against New York City = 100) reflects a meaningful difference that adds up over months of living expenses.
Housing is the biggest differentiator: a city-center one-bedroom in Chicago costs $1,998/month versus $2,503/month in London — giving Chicago a $505/month advantage on housing alone. Over a full year, this rent difference alone amounts to $6,060 in annual savings.
Day-to-day costs tell a more nuanced story. Groceries in Chicago ($418/mo) vs London ($422/mo) reflect Chicago's lower food prices, while restaurant meals at $22 vs $28 show Chicago is the better value for dining out. For digital nomads and remote workers who eat out frequently, this difference compounds quickly.
Bottom line: If you earn in a strong currency (USD, EUR, GBP) and work remotely, Chicago offers meaningfully better value — your typical monthly budget of $2,988 buys a comfortable lifestyle with room for savings. Use the purchasing power table above to see exactly how far your specific budget stretches in each city.