Chicago, IL vs Providence, RI: 100 vs 99

$1,380/mo ↑ 4%

Median Rent

$1,333/mo ↓ 3%

$75,134/yr ↑ 13%

Median Income

$66,772/yr ↓ 11%

$315,200 ↓ 2%

Home Value

$322,800 ↑ 2%

$1,502/mo ↑ 2%

Owner Costs

$1,467/mo ↓ 2%

2,707,648

Population

190,214

Detailed Comparison

When comparing Chicago, IL and Providence, RI, the overall cost of living indices are 100 and 99 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $8,362/year higher in Chicago. Home values also differ significantly — the median in Chicago is $315,200 compared to $322,800 in Providence.

Illinois has a lower income tax rate, making Chicago slightly more tax-friendly.

Frequently Asked Questions

Chicago vs Providence — common questions

Is Chicago or Providence cheaper to live in?

Based on our cost index, Providence is cheaper to live in with an index of 99 compared to 100 (US average = 100).

What is the rent difference between Chicago and Providence?

Median rent in Chicago is $1,380/month and in Providence it's $1,333/month — a difference of $47/month.

Which city has higher income, Chicago or Providence?

Median household income is $75,134 in Chicago and $66,772 in Providence. Median household income is $8,362/year higher in Chicago.

How do taxes compare between Illinois and Rhode Island?

Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax. Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax.

Should I move to Chicago or Providence?

It depends on your priorities. Chicago has a cost index of 100 with median rent of $1,380/mo, while Providence has a cost index of 99 with rent of $1,333/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Chicago, IL vs Providence, RI (2026)

Chicago

Providence

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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