Chicago, IL vs Boston, MA
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Chicago, IL is cheaper — a 2-bedroom averages $1,761/mo versus $2,837/mo in Boston, MA, 38% ($1,076/mo) less. Over a year that is $12,912 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $113,480/year in Boston, MA versus $70,440/year in Chicago, IL — a $43,040 difference in required salary.
Home Prices
The median home costs $325,887 in Chicago, IL versus $786,208 in Boston, MA — 141% higher. Buyers priced out of Boston, MA may find Chicago, IL more attainable.
Select Cities (2/3)
Chicago, IL
Boston, MA
| Metric | Chicago IL | Boston MA |
|---|---|---|
| Studio Rent | $1,458✓ | $2,263 |
| 1BR Rent | $1,560✓ | $2,394 |
| 2BR Rent | $1,761✓ | $2,837 |
| 3BR Rent | $2,262✓ | $3,418 |
| 4BR Rent | $2,657✓ | $3,761 |
| Median Home Value | $325,887✓ | $786,208 |
| Price per sqft | — | — |
| Median Income | $88,850✓ | $112,484 |
| Income to Rent 2BR | $70,440/yr✓ | $113,480/yr |