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Metropolitan Statistical Area

Cost of living in the Chicago Metro Area

13 counties across IL and IN. Population: 9,359,555.

Avg. 1-bed rent
$1,506/mo
Avg. household income
$90,090/yr
Avg. home value
$305,044
Avg. monthly cost
$3,672/mo

Last updated May 22, 2026

Rent in the Chicago Metro Area

Average rent across the Chicago-Naperville-Elgin metro area, weighted by county population.

Studio
$1,404
per month
1 bedroom
$1,506
per month
2 bedroom
$1,714
per month
3 bedroom
$2,202
per month
4 bedroom
$2,568
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Chicago Metro Area

Earnings data averaged across all 13 counties.

Household income
$90,090
per year
Individual earnings
$49,556
per year
Per capita
$48,107
per year

Source: ACS (population-weighted metro average)

Home values in the Chicago Metro Area

Average home values and annual property tax across the metro.

Average home value
$305,044
Average annual property tax
$6,307

Source: ACS (population-weighted metro average)

Energy costs in the Chicago Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$118
per month
Monthly gas
$61
per month
Annual total
$2,144
per year

Source: EIA (state averages applied per county, weighted)

All 13 counties in the Chicago Metro Area

The Chicago-Naperville-Elgin metro area includes 13 counties across IL and IN. Sorted by population.

Compare counties in the Chicago Metro Area

Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.

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Frequently asked questions about the Chicago Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Chicago Metro Area?

The estimated average cost of living in the Chicago-Naperville-Elgin metro area is approximately $3,672 per month for a single person. This is a population-weighted average across the 13 counties that make up the metro area.

What is the average rent in the Chicago Metro Area?

The average one-bedroom rent across the Chicago-Naperville-Elgin metro area is $1,506 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Chicago Metro Area?

Jasper County, IN is the most affordable county in the Chicago-Naperville-Elgin metro area at approximately $2,953 per month for a single person.

What is the most expensive county in the Chicago Metro Area?

DuPage County, IL is the most expensive county in the Chicago-Naperville-Elgin metro area at approximately $3,855 per month for a single person.

How many counties are in the Chicago Metro Area?

The Chicago-Naperville-Elgin metro area covers 13 counties across IL and IN. The five largest by population are Chicago, Naperville, Waukegan, Will County, Elgin.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.