Chicago, IL vs Oklahoma City, OK
Cost of living comparison · 2023 Census ACS data
Quick Summary
Chicago is the more expensive housing market by roughly 32%; Chicago earns more at the median (11% higher), partly offsetting the cost difference. Whether that math works depends on what fraction of housing cost a relocating household plans to absorb.
Median Home Value
$315,200
$215,100 ✓
Zillow Home Value
$312,456
$203,328
Median Gross Rent
$1,380/mo
$1,083/mo ✓
Owner Occupied %
45.5%
59.1%
Price-to-Rent Ratio
19.0x
16.6x
Median Household Income
$75,134 ✓
$66,702
Per Capita Income
$48,148
$37,109
Unemployment Rate
7.9%
4.7% ✓
Poverty Rate
16.8%
15.2%
Avg Commute (min)
36.7 min
23.7 min
Drove Alone %
46.0%
77.0%
Public Transit %
19.3%
0.4%
Work From Home %
18.3%
9.8%
State Income Tax
5.0%
4.8%
Total Sales Tax
8.7% ✓
9.0%
Property Tax Rate
2.2%
0.9%
Bachelor's Degree %
24.9%
21.5%
Median Age
35.7
35
Avg High Temp
60.3°F
71.4°F
Annual Precipitation
34.4"
36.4"
Annual Snowfall
—
6.7"
Chicago, IL 2 wins
- ✓Total Sales Tax
- ✓Median Household Income
Oklahoma City, OK 3 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Unemployment Rate
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