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Chicago vs Tampa

Cost of living comparison — C2ER 2024-2025 data

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Tampa is 3% cheaper than Chicago overall.Chicago has a cost of living index of 107 vs Tampa at 104 (national average = 100). The biggest difference is utilities Chicago costs 4% more.

Pierre
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Chicago
IL
107
COLI index
VS
Tampa
FL
104
COLI index

Category Breakdown

CategoryChicagoTampaDifference
Overall COLI107104-3%
Housing130128-2%
Groceries105105Same
Transport108110+2%
Healthcare103103Same
Utilities112108-4%

Median 1BR Rent

Chicago
$1,750/mo
Tampa
$1,750/mo

Median Home Price

Chicago
$310,000
Tampa
$360,000

Median Household Income

Chicago
$62,097
Tampa
$57,906

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Frequently Asked Questions

Tampa is cheaper to live in overall. Chicago has a cost of living index of 107 while Tampa has an index of 104, where 100 represents the US national average. Tampa is 3% cheaper than Chicago overall.

The median 1-bedroom rent in Chicago is $1,750 per month compared to $1,750 in Tampa. The median home price in Chicago is $310,000 versus $360,000 in Tampa. Housing is typically the largest factor in cost of living differences between cities.

Chicago has a cost of living index of 107 and Tampa has an index of 104, 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 0.97. For example a $75,000 salary in Chicago is equivalent to approximately $72,897 in Tampa.

Chicago has a median household income of $62,097 per year versus $57,906 in Tampa. 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 Tampa is worthwhile depends on your salary, lifestyle, and priorities. Tampa is 3% cheaper 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.