Last update: Oct 2026

Cost of Living Comparison Between Chicago, IL and Monument, CO

For one person, living costs are similar in Chicago, IL and in Monument, CO: $3,139 and $3,286 a month, rent and utilities included.

152

Cost of Living Index in Chicago, IL
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Chicago, IL Living Index
161

Cost of Living Index in Monument, CO
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Monument, CO Living Index

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Chicago, IL

🇺🇸 United States

$3,139

/mo nomad

Monument, CO

🇺🇸 United States

$3,286

/mo nomad

Monthly Cost of Living

How much you'll spend in Chicago, IL and in Monument, CO

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Chicago, IL and in Monument, CO actually costs, broken down by who's living it.

A single person spends $3,139 per month in Chicago, IL vs $3,286 in Monument, CO, rent included.

Chicago, IL $3,139
Monument, CO $3,286

A couple spends around $4,627 per month in Chicago, IL vs $4,580 in Monument, CO, rent included.

Chicago, IL $4,627
Monument, CO $4,580

A family of three spends $6,115 per month in Chicago, IL vs $5,874 in Monument, CO, rent included.

Chicago, IL $6,115
Monument, CO $5,874

Chicago, IL is about 4% cheaper than Monument, CO, and outside of rent the biggest gap is in transport.

Both Chicago, IL and Monument, CO sit above the global median – Chicago, IL by 132%, Monument, CO by 143%.

Meal at Budget Restaurant

$20.65 $20.65

$24.98 $24.98

-17.33%

Three-Course Dinner for Two, Mid-Range

$90.2 $90.2

$71.4 $71.4

26.41%

Fast Food Meal (McDonalds, etc)

$12.94 $12.94

$10.39 $10.39

24.54%

Cappuccino

$5.60 $5.60

$5.44 $5.44

2.94%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.64 $2.64

$2.75 $2.75

-4.00%

Water (0.33 liter bottle)

$2.27 $2.27

$2.20 $2.20

3.18%

Local Beer (0.5 liter draught)

$6.98 $6.98

$5.92 $5.92

17.91%

Imported Beer (0.33 liter bottle)

$8.83 $8.83

$7.00 $7.00

26.14%

Milk (1 liter)

$1.27 $1.27

$0.90 $0.90

41.11%

White Bread (500g)

$3.80 $3.80

$3.33 $3.33

14.11%

Rice (white) (1kg)

$5.30 $5.30

$2.83 $2.83

87.28%

Eggs

$4.76 $4.76

$6.12 $6.12

-22.22%

Local Cheese (1kg)

$13.96 $13.96

$14.08 $14.08

-0.85%

Chicken Fillets (1kg)

$14.61 $14.61

$13.76 $13.76

6.18%

Beef Round Steak (1kg)

$18.77 $18.77

$19.64 $19.64

-4.43%

Apples (1kg)

$5.19 $5.19

$5.46 $5.46

-4.95%

Banana (1kg)

$1.98 $1.98

$1.37 $1.37

44.53%

Oranges (1kg)

$3.93 $3.93

$3.11 $3.11

26.37%

Tomato (1kg)

$4.96 $4.96

$4.62 $4.62

7.36%

Potato (1kg)

$2.76 $2.76

$2.39 $2.39

15.48%

Onion (1kg)

$2.76 $2.76

$2.58 $2.58

6.98%

Lettuce (1 head)

$2.22 $2.22

$1.71 $1.71

29.82%

Water (1.5 liter bottle)

$2.98 $2.98

$1.99 $1.99

49.75%

Cigarettes 20 Pack (Marlboro, Camel)

$14.02 $14.02

$10.10 $10.10

38.81%

Wine (Bottle)

$15.28 $15.28

$15.94 $15.94

-4.14%

Local Beer (0.5 liter bottle)

$2.58 $2.58

$2.36 $2.36

9.32%

Imported Beer (0.33 liter bottle)

$3.50 $3.50

$2.49 $2.49

40.56%

One-way Ticket (Public Transport)

$2.47 $2.47

Public Transport Monthly Pass (Regular Price)

$74.8 $74.8

Taxi Start (Normal Tariff)

$3.34 $3.34

$3.79 $3.79

-11.87%

Taxi (Normal Tariff) (1km)

$1.43 $1.43

$1.16 $1.16

23.28%

Taxi 1hour Waiting (Normal Tariff)

$24.32 $24.32

$25.42 $25.42

-4.33%

Gasoline (1 liter)

$1.26 $1.26

$0.99 $0.99

27.27%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$35.0K $35.0K

$28.0K $28.0K

25.06%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$26.1K $26.1K

$26.2K $26.2K

-0.45%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$193 $193

$198 $198

-2.87%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$68.3 $68.3

$81.9 $81.9

-16.70%

Internet (50+ Mbps, Unlimited Data)

$61.3 $61.3

$75.1 $75.1

-18.39%

Gym Membership (Monthly)

$54.1 $54.1

$25.31 $25.31

113.83%

Tennis Court (1 Hour on Weekend)

$27.92 $27.92

Cinema Ticket

$17.74 $17.74

$15.26 $15.26

16.25%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,652 $1,652

$1,484 $1,484

11.30%

International Primary School, 1 Child (Yearly)

$31.1K $31.1K

$6,400 $6,400

385.30%

Jeans (Levis 501 Or Similar)

$66.1 $66.1

$57.6 $57.6

14.65%

Summer Dress (H&M, Zara, etc)

$51.2 $51.2

$34.38 $34.38

49.04%

Sport Shoes (Adidas, Nike)

$100 $100

$82.3 $82.3

21.59%

Men's Leather Business Shoes

$141 $141

$99.9 $99.9

41.04%

1-bedroom Apartment, City Center (Monthly)

$2,446 $2,446

$1,982 $1,982

23.44%

1-bedroom Apartment, Outside City Center (Monthly)

$1,678 $1,678

$1,972 $1,972

-14.91%

3-bedroom Apartment, City Center (Monthly)

$4,717 $4,717

$3,055 $3,055

54.43%

3-bedroom Apartment, Outside City Center (Monthly)

$2,795 $2,795

$2,986 $2,986

-6.38%

Buy Apartment in City Center (m2)

$4,105 $4,105

Buy Apartment Outside City Center (m2)

$2,650 $2,650

Average Monthly Net Salary (After Tax)

$4,866 $4,866

20-Year Fixed Mortgage Interest Rate (Annual %)

6.81

6.61

3.03%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Chicago, IL: October 19, 2026

Last update for Monument, CO: October 20, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Chicago, IL

$1.7K 53.5%

Monument, CO

$2K 60% 17.5% $294

Groceries & Markets

Chicago, IL

$449 14.3%

Monument, CO

$411 12.5% 8.6% $39

Eating Out

Chicago, IL

$343 10.9%

Monument, CO

$360 10.9% 4.7% $16

Monthly Utilities & Internet

Chicago, IL

$322 10.3%

Monument, CO

$355 10.8% 10.3% $33

Clothing & Footwear

Chicago, IL

$161 5.1%

Monument, CO

$123 3.8% 23.5% $38

Getting Around

Chicago, IL

$95 3%

Monument, CO

$9.6 * 0.3% 89.9% $86

Sport & Entertainment

Chicago, IL

$90 2.9%

Monument, CO

$56 1.7% 37.7% $34

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $2,446 in Chicago, IL versus $1,982 in Monument, CO. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $90.0 in Chicago, IL versus $71.0 in Monument, CO. Monthly groceries follow the same trend: $449 vs $411 – making Monument, CO the more affordable choice for daily food spending.

Good to know

🇺🇸 Chicago, IL

🇺🇸 Monument, CO

🕒 Local time

18:15 6:15 PM

17:15 5:15 PM

1 h behind Chicago, IL

🌤 Weather

👥 Population

2,746,388

10,000

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.89 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Chicago, IL Monument, CO 1,490 km ≈ 2 h 15 min nonstop flight

From you

Chicago, IL
Monument, CO

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Chicago, IL vs Monument, CO: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $3,139 in Chicago, IL, $3,286 in Monument, CO – roughly 5% apart. Outside of rent, the biggest gap is in transport.

For a comfortable life, plan on about $4,708 per month in Chicago, IL and $4,930 in Monument, CO. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Chicago, IL, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $90.0 in Chicago, IL and $71.0 in Monument, CO. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 9% cheaper in Monument, CO – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

$3,000 is a stretch for both – monthly costs hit $3,139 in Chicago, IL and $3,286 in Monument, CO. You'll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Chicago, IL has an edge in some lifestyle areas, with costs from $3,139 in Chicago, IL to $3,286 in Monument, CO. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Chicago, IL. If higher salaries, better infrastructure, or specific career opportunities are the priority, Monument, CO makes more sense. Both are solid long-term options with distinct trade-offs.