Nashville vs Chicago

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Tennessee salaries · Illinois salaries

Living in Nashville vs Chicago

Housing is typically the biggest factor in any cost-of-living comparison. Nashville has a housing index of 108 while Chicago sits at 112 (national average = 100). The median home in Nashville costs $380,000 compared to $310,000 in Chicago, a difference of $70,000. Monthly rent follows a similar pattern: $1,600 in Nashville versus $1,700 in Chicago.

Groceries and everyday expenses show a notable difference: Nashville scores 96 while Chicago scores 104. Both cities are close to the national average for grocery costs.

Healthcare costs in Nashville (98) are lower than Chicago (101). Both are close to the national average.

Median household income in Nashville is $59,828 compared to $62,097 in Chicago. When adjusted for cost of living, income goes further in Nashville.

Relocating: Nashville vs Chicago

If you are considering a move between Nashville (index: 102) and Chicago (index: 107), the 5% cost difference has real implications for your budget. Nashville is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Nashville can afford $1,396/month, while the median household in Chicago can afford $1,449/month. With median homes at $380,000 in Nashville versus $310,000 in Chicago, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,600/month in Nashville and $1,700/month in Chicago, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes significantly further in Nashville. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Nashville (102) vs Chicago (107)

The cost of living index uses 100 as the national average. Nashville at 102 is 2% above the US average, while Chicago at 107 is 7% above average. Both cities are close to the national average in overall costs.

The overall index is a weighted average of housing (the largest component), groceries, utilities, transportation, and healthcare. Housing typically drives the biggest differences between cities. Even when two cities have similar overall indices, their category-level costs can vary significantly — one city might have expensive housing but cheap groceries, while another is the reverse. Check the category breakdown above for the full picture.

For renters: With median rents of $1,600/month in Nashville and $1,700/month in Chicago, the annual rent difference is approximately $1,200. Over a 5-year period, that compounds to $6,000 in savings by choosing the more affordable city.

For homebuyers: The $70,000 difference in median home prices between Nashville and Chicago translates to roughly $4,200 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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