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Chicago vs Providence

Cost of living comparison — C2ER 2024-2025 data

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Providence is 7% more expensive than Chicago overall.Chicago has a cost of living index of 107 vs Providence at 115 (national average = 100). The biggest difference is utilities Providence costs 18% less.

Pierre
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Chicago
IL
107
COLI index
VS
Providence
RI
115
COLI index

Category Breakdown

CategoryChicagoProvidenceDifference
Overall COLI107115+7%
Housing130148+14%
Groceries105106+1%
Transport108105-3%
Healthcare103108+5%
Utilities112132+18%

Median 1BR Rent

Chicago
$1,750/mo
Providence
$1,650/mo

Median Home Price

Chicago
$310,000
Providence
$345,000

Median Household Income

Chicago
$62,097
Providence
$50,240

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Frequently Asked Questions

Chicago is cheaper to live in overall. Chicago has a cost of living index of 107 while Providence has an index of 115, where 100 represents the US national average. Providence is 7% more expensive than Chicago overall.

The median 1-bedroom rent in Chicago is $1,750 per month compared to $1,650 in Providence. The median home price in Chicago is $310,000 versus $345,000 in Providence. Housing is typically the largest factor in cost of living differences between cities.

Chicago has a cost of living index of 107 and Providence has an index of 115, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in Chicago, multiply by 1.07. For example a $75,000 salary in Chicago is equivalent to approximately $80,607 in Providence.

Chicago has a median household income of $62,097 per year versus $50,240 in Providence. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from Chicago to Providence is worthwhile depends on your salary, lifestyle, and priorities. Providence is 7% more expensive overall — with the biggest difference in utilities. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.

Last updated: June 2026

Methodology: Cost of living indices from C2ER Cost of Living Index 2024-2025. Rent data from Zillow December 2024. Home price data from Zillow Home Value Index December 2024. Household income from US Census Bureau ACS 2023. National average COLI = 100. Data updated annually.