Chicago, IL vs Denver, CO
Cost of living comparison · 2023 Census ACS data
Quick Summary
Denver is materially more expensive on housing — $587,000 for a typical home compared with $315,000 in Chicago, a gap of roughly 46%.
Median Home Value
$315,200 ✓
$586,700
Zillow Home Value
$312,456
$530,920
Median Gross Rent
$1,380/mo ✓
$1,770/mo
Owner Occupied %
45.5%
49.1%
Price-to-Rent Ratio
19.0x
27.6x
Median Household Income
$75,134
$91,681 ✓
Per Capita Income
$48,148
$61,202
Unemployment Rate
7.9%
4.6% ✓
Poverty Rate
16.8%
11.2%
Avg Commute (min)
36.7 min
27.5 min
Drove Alone %
46.0%
57.7%
Public Transit %
19.3%
4.5%
Work From Home %
18.3%
24.4%
State Income Tax
5.0%
4.4%
Total Sales Tax
8.7%
7.8% ✓
Property Tax Rate
2.2%
0.6%
Bachelor's Degree %
24.9%
33.8%
Median Age
35.7
35.2
Avg High Temp
60.3°F
66.2°F
Annual Precipitation
34.4"
15.4"
Annual Snowfall
—
49"
Chicago, IL 2 wins
- ✓Median Home Value
- ✓Median Gross Rent
Denver, CO 3 wins
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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