Median rent is 15% lower in Chicago ($1,380/mo vs $1,617/mo). Buying is cheaper in Chicago, where the median home runs $315,200 versus $420,600. Households earn more in Atlanta ($81,938 vs $75,134 a year). Taken together, Atlanta is the more affordable choice with a cost index of 98.6 against 105.7 — about 7% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Atlanta, GA.
Quick verdict
Atlanta is 7% cheaper overall
Cost index: 98.6 in Atlanta vs 105.7 in Chicago (US average = 100)
City A
Atlanta, GA
City B
Chicago, IL
How much would you need to earn in Chicago, IL to maintain your standard of living from Atlanta, GA?
Equivalent salary in Chicago, IL
$80,398
You'd need $5,398 more (7% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Atlanta
Georgia
Chicago
Illinois
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Chicago at $1,380/mo compared to $1,617/mo in Atlanta (15% gap). Home buyers face a steeper market in Atlanta: the median home is $420,600 versus $315,200 in Chicago — 25% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Georgia's top income tax rate is 5.49% versus 4.95% in Illinois, so Chicago is more tax-friendly for high earners. Sales tax is 4.00% in Georgia and 6.25% in Illinois; Atlanta has the lower rate (local add-ons may apply in both).
Atlanta
Income tax: 5.49%
Sales tax: 4.00%
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Chicago has cleaner air on average: 21.0 AQI (Good) compared to 57.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Atlanta if you prioritize lower overall cost of living (index 98.6 vs 105.7).
Pick Atlanta if you prioritize higher median household income ($81,938/yr).
Pick Chicago if you prioritize cheaper rent ($1,380/mo median).
Pick Chicago if you prioritize cleaner air quality (avg AQI 21.0).
Is Atlanta cheaper than Chicago?
Atlanta is cheaper overall, with a cost of living index of 98.6 versus 105.7 (US average = 100). That means prices run about 7% lower in Atlanta.
How much is rent in Atlanta vs Chicago?
Median rent is $1,617/mo in Atlanta, GA and $1,380/mo in Chicago, IL. Chicago, IL has the lower rent by about 15%.
Which has higher salaries — Atlanta or Chicago?
Median household income is $81,938 in Atlanta, GA and $75,134 in Chicago, IL. Atlanta, GA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Chicago, IL has better air quality on average: 21.0 AQI versus 57.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Atlanta or Chicago?
Georgia's top income tax rate is 5.49% and Illinois's is 4.95%. Chicago, IL has the lower rate.
What salary do I need in Chicago to match my Atlanta income?
To maintain the same purchasing power, a salary of $100,000 in Atlanta, GA is equivalent to roughly $107,197 in Chicago, IL (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology