Chicago, IL vs Tampa, FL
Cost of living comparison · 2023 Census ACS data
Quick Summary
Chicago and Tampa sit close to each other across the headline cost-of-living indicators — typical homes within 16% of each other, median incomes within 5%. The relocation math comes down to non-housing factors: taxes, commute, climate, and personal preference. Tampa also has no state income tax, while the other state tops out at 5.0% — a meaningful annual difference at higher income levels.
Median Home Value
$315,200 ✓
$375,300
Zillow Home Value
$312,456
$369,078
Median Gross Rent
$1,380/mo ✓
$1,567/mo
Owner Occupied %
45.5%
50.2%
Price-to-Rent Ratio
19.0x
20.0x
Median Household Income
$75,134 ✓
$71,302
Per Capita Income
$48,148
$49,513
Unemployment Rate
7.9%
4.7% ✓
Poverty Rate
16.8%
15.9%
Avg Commute (min)
36.7 min
26.9 min
Drove Alone %
46.0%
66.0%
Public Transit %
19.3%
1.3%
Work From Home %
18.3%
19.3%
State Income Tax
5.0%
None
Total Sales Tax
8.7%
7.0% ✓
Property Tax Rate
2.2%
0.9%
Bachelor's Degree %
24.9%
26.3%
Median Age
35.7
35.6
Avg High Temp
60.3°F
83.0°F
Annual Precipitation
34.4"
49.5"
Annual Snowfall
—
0"
Chicago, IL 3 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Median Household Income
Tampa, FL 2 wins
- ✓Total Sales Tax
- ✓Unemployment Rate
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