Cost of Living & Salary Comparison 2026
Yes, Austin is 11% cheaper than Chicago based on our cost of living index. Austin has a COLI of 64.8, while Chicago has a COLI of 73.2. 11% cheaper
Overall, Austin is approximately 11% cheaper than Chicago based on our cost of living index. Austin has a COLI of 64.8 (ranked #32 of 182 cities), while Chicago has a COLI of 73.2 (ranked #20).
When it comes to housing, one-bedroom apartment rent in Austin averages $1,800/month compared to $2,000/month in Chicago. That makes Austin approximately 10% cheaper for rent alone.
Austin has lower total deductions (19.5%) compared to Chicago (25.6%), meaning you keep more of your gross salary in Austin. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn $75,000 in Austin, you would need approximately $84,722 in Chicago to maintain the same purchasing power. That is 11% more due to higher cost of living.
Estimated mid-level annual salaries in local currency, adjusted for each city's cost of living:
| Job Title | Austin (USD) | Chicago (USD) |
|---|---|---|
| Doctor (General) | $116,640 | $131,760 |
| Software Engineer | $55,080 | $62,220 |
| Product Manager | $64,800 | $73,200 |
| Lawyer | $64,800 | $73,200 |
| Data Scientist | $61,560 | $69,540 |
| Marketing Manager | $46,656 | $52,704 |
| Teacher | $31,104 | $35,136 |
| Nurse | $37,584 | $42,456 |
Salary estimates are adjusted by each city's COLI relative to the New York baseline. Actual salaries vary by company, experience, and industry.
| Neighborhood | Multiplier |
|---|---|
| West Lake Hills | 1.30x (+30%) |
| Downtown | 1.25x (+25%) |
| Clarksville | 1.25x (+25%) |
| Zilker | 1.22x (+22%) |
| South Congress (SoCo) | 1.18x (+18%) |
| Neighborhood | Multiplier |
|---|---|
| Gold Coast | 1.25x (+25%) |
| River North | 1.22x (+22%) |
| The Loop | 1.20x (+20%) |
| West Loop | 1.18x (+18%) |
| Lincoln Park | 1.15x (+15%) |
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Open Salary ConverterChicago is more expensive overall. Austin has a COLI of 64.8 while Chicago has a COLI of 73.2, making Austin approximately 11% cheaper.
To maintain the same standard of living as $75,000 in Austin, you would need approximately $84,722 in Chicago.
Average one-bedroom rent in Austin is $1,800/month compared to $2,000/month in Chicago. Austin has lower rent by approximately 10%.
Austin has lower total deductions (19.5%) compared to Chicago (25.6%), meaning you keep more of your gross salary in Austin.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-02-28. Data is refreshed periodically. All figures are estimates for informational purposes only.