Cost of Living in Loop, Chicago, IL

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F
26%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
80%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Loop Chicago Illinois
Cost of living12611498
Groceries101101100
Health care100100100
Housing18013895
Transportation109109101
Utilities10310399
Lifestyle & Entertainment104104100
Household Items101101100
Education & Childcare110110100
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Homes For Sale In Chicago, IL

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820 N Wood St #3

Chicago, IL
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1620 S Michigan Ave #1117

Chicago, IL
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1255 N Sandburg Ter #2912

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5528 S Blackstone Ave Unit 1S

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Cost Of Living Quick Facts

  • The cost of living in Loop is 29% higher than the Chicago average
  • The cost of living in Loop is 26% higher than the national average
  • Loop housing is 80% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Loop

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Compare Chicago, IL Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Household$149,048$12,421$3,478$4,472

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hodgkins, IL1,8178316.9%
      Hometown, IL4,3508911.2%
      Calumet Park, IL8,694937.5%
      Merrionette Park, IL2,017936.6%
      Whiting, IN4,986946.3%
      Chicago, IL2,804,58211414.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Toronto, ON3,013,752n/a 
      Houston, TX2,385,2981032.8%
      Montréal, QC1,811,008n/a 
      Phoenix, AZ1,698,45711312.9%
      Philadelphia, PA1,632,1571022.0%
      Chicago, IL2,804,58211414.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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