Cost of Living Comparison Between Chicago, IL and Waterford, MI Cost of Living Comparison Between Chicago, IL and Waterford, MI

Monthly Cost of Living

A single person spends $3,009 per month in Chicago, IL vs $2,529 in Waterford, MI, rent included.

A couple spends around $4,593 per month in Chicago, IL vs $3,713 in Waterford, MI, rent included.

A family of three spends $6,177 per month in Chicago, IL vs $4,897 in Waterford, MI, rent included.

Chicago, IL costs about 19% more than Waterford, MI, driven mainly by Eating Out.

Both Chicago, IL and Waterford, MI sit above the global median – Chicago, IL by 125%, Waterford, MI by 89%.

Meal at Budget Restaurant

$20.35 $20.35

$18.16 $18.16

12.06%

Three-Course Dinner for Two, Mid-Range

$102 $102

$69.7 $69.7

45.92%

Fast Food Meal (McDonalds, etc)

$11.98 $11.98

$9.42 $9.42

27.18%

Cappuccino

$5.70 $5.70

$4.56 $4.56

25.00%

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

$3.00 $3.00

$2.60 $2.60

15.38%

Water (0.33 liter bottle)

$2.46 $2.46

$1.63 $1.63

50.92%

Local Beer (0.5 liter draught)

$6.87 $6.87

$6.09 $6.09

12.81%

Imported Beer (0.33 liter bottle)

$8.09 $8.09

$4.40 $4.40

83.86%

Milk (1 liter)

$1.03 $1.03

$0.83 $0.83

24.10%

White Bread (500g)

$3.95 $3.95

$3.56 $3.56

10.96%

Rice (white) (1kg)

$5.42 $5.42

$4.86 $4.86

11.52%

Eggs

$4.50 $4.50

$1.97 $1.97

128.43%

Local Cheese (1kg)

$14.53 $14.53

$11.10 $11.10

30.90%

Chicken Fillets (1kg)

$14.89 $14.89

$12.23 $12.23

21.75%

Beef Round Steak (1kg)

$18.98 $18.98

$15.09 $15.09

25.78%

Apples (1kg)

$5.39 $5.39

$10.45 $10.45

-48.42%

Banana (1kg)

$1.77 $1.77

$1.08 $1.08

63.89%

Oranges (1kg)

$4.35 $4.35

$6.37 $6.37

-31.71%

Tomato (1kg)

$4.53 $4.53

$4.51 $4.51

0.44%

Potato (1kg)

$2.53 $2.53

$2.17 $2.17

16.59%

Onion (1kg)

$2.81 $2.81

$3.83 $3.83

-26.63%

Lettuce (1 head)

$2.51 $2.51

$2.32 $2.32

8.19%

Water (1.5 liter bottle)

$2.67 $2.67

$2.81 $2.81

-4.98%

Cigarettes 20 Pack (Marlboro, Camel)

$14.88 $14.88

$9.05 $9.05

64.42%

Wine (Bottle)

$15.22 $15.22

$14.77 $14.77

3.05%

Local Beer (0.5 liter bottle)

$2.46 $2.46

$1.85 $1.85

32.97%

Imported Beer (0.33 liter bottle)

$3.53 $3.53

$3.57 $3.57

-1.12%

One-way Ticket (Public Transport)

$2.56 $2.56

$1.96 $1.96

30.61%

Public Transport Monthly Pass (Regular Price)

$74.3 $74.3

$49.53 $49.53

50.01%

Taxi Start (Normal Tariff)

$3.19 $3.19

$4.64 $4.64

-31.25%

Taxi (Normal Tariff) (1km)

$1.41 $1.41

$1.42 $1.42

-0.70%

Taxi 1hour Waiting (Normal Tariff)

$25.49 $25.49

$28.31 $28.31

-9.96%

Gasoline (1 liter)

$1.04 $1.04

$0.81 $0.81

28.40%

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

$32.2K $32.2K

$24.4K $24.4K

32.01%

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

$26.8K $26.8K

$24.4K $24.4K

9.92%

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

$184 $184

$116 $116

58.27%

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

$63.1 $63.1

$45.14 $45.14

39.81%

Internet (50+ Mbps, Unlimited Data)

$66.4 $66.4

$62.4 $62.4

6.41%

Gym Membership (Monthly)

$75.9 $75.9

$43.14 $43.14

75.96%

Tennis Court (1 Hour on Weekend)

$13.06 $13.06

Cinema Ticket

$15.25 $15.25

$11.22 $11.22

35.92%

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

$2,090 $2,090

$932 $932

124.36%

International Primary School, 1 Child (Yearly)

$39.2K $39.2K

$20.9K $20.9K

87.57%

Jeans (Levis 501 Or Similar)

$64.2 $64.2

$64.0 $64.0

0.28%

Summer Dress (H&M, Zara, etc)

$51.0 $51.0

$39.63 $39.63

28.69%

Sport Shoes (Adidas, Nike)

$97.2 $97.2

$100 $100

-2.94%

Men's Leather Business Shoes

$149 $149

$135 $135

10.09%

1-bedroom Apartment, City Center (Monthly)

$2,341 $2,341

$1,578 $1,578

48.31%

1-bedroom Apartment, Outside City Center (Monthly)

$1,572 $1,572

$1,351 $1,351

16.40%

3-bedroom Apartment, City Center (Monthly)

$4,741 $4,741

$2,593 $2,593

82.85%

3-bedroom Apartment, Outside City Center (Monthly)

$2,819 $2,819

$2,200 $2,200

28.12%

Buy Apartment in City Center (m2)

$3,900 $3,900

$2,375 $2,375

64.18%

Buy Apartment Outside City Center (m2)

$2,638 $2,638

$2,480 $2,480

6.40%

Average Monthly Net Salary (After Tax)

$4,769 $4,769

20-Year Fixed Mortgage Interest Rate (Annual %)

6.6

6.51

1.38%

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

Last update for Chicago, IL: April 25, 2026

Last update for Waterford, MI: April 26, 2026

Cost Breakdown

A central one-bedroom costs $2,341 in Chicago, IL versus $1,578 in Waterford, MI. 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 $102 in Chicago, IL versus $70.0 in Waterford, MI. Monthly groceries follow the same trend: $447 vs $421 – making Waterford, MI the more affordable choice for daily food spending.

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 Waterford, MI: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $3,009 in Chicago, IL, $2,529 in Waterford, MI – roughly 19% apart. Chicago, IL costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $4,513 per month in Chicago, IL and $3,794 in Waterford, MI. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Groceries cost about 6% more in Chicago, IL, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $102 in Chicago, IL and $70.0 in Waterford, MI. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

$3,000 is a stretch for both – monthly costs hit $3,009 in Chicago, IL and $2,529 in Waterford, MI. 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 $2,529 in Waterford, MI to $3,009 in Chicago, IL. Climate, culture, job market, and personal taste all factor in.

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