Considering relocating to the Windy City? Chicago is the third-largest city in the United States, offering a unique blend of urban appeal and Midwestern charm. Before you commit, here are 10 essential things to understand about life in the city.
1. Population & Demographics
With a city population of around 2.67 million and a metropolitan area exceeding 9.4 million, Chicago is a true urban giant. The median age hovers around 35.3, with a large percentage of residents aged 25–44, making it vibrant with working professionals. Ethnically, the city is remarkably diverse: 33% White, 29% Black, 29% Hispanic/Latino, and 7% Asian.
2. Chicago Cost of Living 2024
Chicago’s cost of living index falls between 107 and 110, slightly above the U.S. average. While it’s pricier than many Midwest cities, it’s still more affordable than New York or San Francisco. Housing is one of the largest expenses, with a housing index around 115. Transportation costs exceed the average due to elevated gas and insurance rates. Tax-wise, prepare for a 10.25% sales tax and a flat 4.95% state income tax, some of the highest in the country.
3. Chicago Housing Market Trends
The Chicago housing market offers relative affordability. The median home price ranges between $325,000 and $350,000. Neighborhoods like the West Side and South Chicago offer homes under $300,000, while upscale areas like Lincoln Park and the Loop can exceed $800,000. Renting? Expect to pay $1,850–$2,300 for a one-bedroom and over $3,000 for modern two-bedroom units. Affordable rent can be found in Avondale, Rogers Park, and Hyde Park.
4. Employment & Income
Median household income stands at around $70,000 in the city and about $85,000 metro-wide. Major industries include finance, tech, logistics, health care, manufacturing, and tourism. Top employers include the University of Chicago Medical Center, United Airlines, and Walgreens Boots Alliance. This economic diversity supports a healthy job market for newcomers.
5. Safety & Crime
Safety varies drastically across neighborhoods. While Chicago does face above-average violent crime, areas like Lincoln Park, Lakeview, and Jefferson Park report significantly lower rates. Overall, it’s essential to research neighborhoods, as crime is highly localized, down to the block.
6. Transportation & Commute
Chicago boasts the second-largest public transit system in the country. The CTA’s “L” trains, buses, and Metra commuter rail offer efficient options, especially for downtown commuters. The city’s walk score is 77, with a bike score of 72. However, the average commute time is about 33 minutes, often affected by traffic on major arteries like the Kennedy and Dan Ryan expressways.
7. Education System
Chicago Public Schools (CPS) educates over 330,000 students, with school quality varying widely across neighborhoods. Elite magnet schools such as Walter Payton and Northside College Prep are ranked nationally. Higher education options include prestigious institutions like the University of Chicago, Northwestern University, and DePaul University.
8. Weather & Climate
Winters in Chicago are notoriously harsh, with frequent snowfall and sub-zero wind chills. Summers are warm, humid, and sometimes punctuated by heatwaves. Spring and fall offer brief but beautiful transitions. Lake Michigan plays a major role in moderating weather but also brings sudden changes in temperature.
9. Lifestyle, Culture & Activities
From world-class museums and sporting events to food festivals and lakefront beaches, there’s always something to do. Neighborhoods like Pilsen (Latino culture), Lincoln Park (young professionals), and Wicker Park (creative energy) each bring their own flavor. Chicago’s cultural diversity means incredible food and music await around every corner.
10. Pros & Cons of Moving to Chicago
- Pros: More affordable than major coastal cities, strong job market, excellent public transit, vibrant culture, and diverse neighborhoods.
- Cons: High taxes, unpredictable weather, and neighborhood-specific crime rates.
One of the best Chicago moving company options can help make your transition smoother if you decide to relocate.
Whether you’re drawn to its employment opportunities, lakefront living, or international cuisine, there’s a lot to love, but also to consider. Use these moving to Chicago tips to make an informed decision before uprooting your life to the Windy City.
The New Jersey Digest is a new jersey magazine that has chronicled daily life in the Garden State for over 10 years.