Cost of Living Comparison Between Monterey, CA and Chicago, IL Cost of Living Comparison Between Monterey, CA and Chicago, IL

Monthly Cost of Living

A single person spends $3,349 per month in Monterey, CA vs $3,068 in Chicago, IL, rent included.

A couple spends around $4,949 per month in Monterey, CA vs $4,648 in Chicago, IL, rent included.

A family of three spends $6,549 per month in Monterey, CA vs $6,229 in Chicago, IL, rent included.

Monterey, CA costs about 9% more than Chicago, IL, driven mainly by Groceries & Markets.

Both Monterey, CA and Chicago, IL sit above the global median – Monterey, CA by 151%, Chicago, IL by 130%.

Meal at Budget Restaurant

$16.65 $16.65

$20.17 $20.17

-17.45%

Three-Course Dinner for Two, Mid-Range

$64.5 $64.5

$99.5 $99.5

-35.15%

Fast Food Meal (McDonalds, etc)

$9.07 $9.07

$12.23 $12.23

-25.84%

Cappuccino

$4.52 $4.52

$5.60 $5.60

-19.29%

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

$3.13 $3.13

$3.12 $3.12

0.32%

Water (0.33 liter bottle)

$1.64 $1.64

$2.43 $2.43

-32.51%

Local Beer (0.5 liter draught)

$5.93 $5.93

$6.93 $6.93

-14.43%

Imported Beer (0.33 liter bottle)

$4.59 $4.59

$8.20 $8.20

-44.02%

Milk (1 liter)

$1.35 $1.35

$1.08 $1.08

25.00%

White Bread (500g)

$3.35 $3.35

$3.97 $3.97

-15.62%

Rice (white) (1kg)

$4.34 $4.34

$5.58 $5.58

-22.22%

Eggs

$3.95 $3.95

$4.47 $4.47

-11.63%

Local Cheese (1kg)

$9.16 $9.16

$14.50 $14.50

-36.83%

Chicken Fillets (1kg)

$17.68 $17.68

$15.08 $15.08

17.24%

Beef Round Steak (1kg)

$13.82 $13.82

$19.34 $19.34

-28.54%

Apples (1kg)

$3.84 $3.84

$5.37 $5.37

-28.49%

Banana (1kg)

$1.20 $1.20

$1.76 $1.76

-31.82%

Oranges (1kg)

$2.43 $2.43

$4.32 $4.32

-43.75%

Tomato (1kg)

$2.18 $2.18

$4.41 $4.41

-50.57%

Potato (1kg)

$1.94 $1.94

$2.54 $2.54

-23.62%

Onion (1kg)

$2.16 $2.16

$2.70 $2.70

-20.00%

Lettuce (1 head)

$1.80 $1.80

$2.49 $2.49

-27.71%

Water (1.5 liter bottle)

$1.85 $1.85

$2.60 $2.60

-28.85%

Cigarettes 20 Pack (Marlboro, Camel)

$12.02 $12.02

$14.80 $14.80

-18.78%

Wine (Bottle)

$15.38 $15.38

$15.18 $15.18

1.32%

Local Beer (0.5 liter bottle)

$2.25 $2.25

$2.47 $2.47

-8.91%

Imported Beer (0.33 liter bottle)

$2.49 $2.49

$3.60 $3.60

-30.83%

One-way Ticket (Public Transport)

$1.97 $1.97

$2.54 $2.54

-22.44%

Public Transport Monthly Pass (Regular Price)

$53.1 $53.1

$76.3 $76.3

-30.37%

Taxi Start (Normal Tariff)

$1.58 $1.58

$3.30 $3.30

-52.12%

Taxi (Normal Tariff) (1km)

$0.87 $0.87

$1.38 $1.38

-36.96%

Taxi 1hour Waiting (Normal Tariff)

$28.84 $28.84

$25.36 $25.36

13.72%

Gasoline (1 liter)

$1.21 $1.21

$1.09 $1.09

11.01%

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

$23.9K $23.9K

$31.6K $31.6K

-24.54%

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

$24.3K $24.3K

$26.6K $26.6K

-8.61%

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

$182 $182

$186 $186

-2.20%

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

$52.0 $52.0

$62.9 $62.9

-17.36%

Internet (50+ Mbps, Unlimited Data)

$60.9 $60.9

$66.2 $66.2

-7.99%

Gym Membership (Monthly)

$42.45 $42.45

$77.6 $77.6

-45.31%

Tennis Court (1 Hour on Weekend)

$10.48 $10.48

$13.16 $13.16

-20.36%

Cinema Ticket

$12.52 $12.52

$14.74 $14.74

-15.06%

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

$564 $564

$2,039 $2,039

-72.34%

International Primary School, 1 Child (Yearly)

$12.5K $12.5K

$39.9K $39.9K

-68.71%

Jeans (Levis 501 Or Similar)

$68.8 $68.8

$63.9 $63.9

7.82%

Summer Dress (H&M, Zara, etc)

$118 $118

$51.2 $51.2

130.08%

Sport Shoes (Adidas, Nike)

$97.0 $97.0

$95.2 $95.2

1.87%

Men's Leather Business Shoes

$197 $197

$144 $144

36.68%

1-bedroom Apartment, City Center (Monthly)

$2,281 $2,281

$2,305 $2,305

-1.07%

1-bedroom Apartment, Outside City Center (Monthly)

$1,980 $1,980

$1,575 $1,575

25.70%

3-bedroom Apartment, City Center (Monthly)

$3,648 $3,648

$4,688 $4,688

-22.19%

3-bedroom Apartment, Outside City Center (Monthly)

$3,651 $3,651

$2,737 $2,737

33.37%

Buy Apartment in City Center (m2)

$8,010 $8,010

$4,063 $4,063

97.11%

Buy Apartment Outside City Center (m2)

$5,874 $5,874

$2,696 $2,696

117.87%

Average Monthly Net Salary (After Tax)

$4,705 $4,705

$5,019 $5,019

-6.26%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.4

6.6

-3.03%

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

Last update for Monterey, CA: July 11, 2026

Last update for Chicago, IL: July 11, 2026

Cost Breakdown

A central one-bedroom costs $2,281 in Monterey, CA versus $2,305 in Chicago, IL. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 7% higher in Chicago, IL, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $65.0 in Monterey, CA versus $99.0 in Chicago, IL. Monthly groceries follow the same trend: $371 vs $448 – making Monterey, CA 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

Monterey, CA vs Chicago, IL: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $3,349 in Monterey, CA, $3,068 in Chicago, IL – roughly 9% apart. Monterey, CA costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $5,024 per month in Monterey, CA and $4,602 in Chicago, IL. 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.

Interestingly, groceries are about 21% cheaper in Monterey, CA – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A mid-range dinner for two costs $65.0 in Monterey, CA and $99.0 in Chicago, IL. 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 $3,349 in Monterey, CA and $3,068 in Chicago, IL. 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 $3,068 in Chicago, IL to $3,349 in Monterey, CA. 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, Monterey, CA makes more sense. Both are solid long-term options with distinct trade-offs.