Tampa wins overall by ~3% (COL index)
Cost of living: Chicago vs Tampa (2026)
A $63,500 salary in Chicago buys roughly what $61,720 does in Tampa (COL-adjusted). Your real trade-offs are taxes, rent, and day-to-day prices — we break them down and personalize below.
Your move simulator
Tell us about your household — we calculate your real annual savings.
Estimated annual swing
−$2,007/yr
Favoring Tampa for this income & household (illustrative).
With the extra $167/mo, you could pay down a $15,000 card balance in ~90 months and still keep ~$20/mo for dining out.
Studio rent/mo
1BR rent/mo
2BR rent/mo
Median home price
Groceries index (100 = US avg)
Budget meal (1 person)
Mid-range dinner (2)
Monthly transit pass/mo
Gas price/gal
Car insurance/mo
Monthly utilities bundle/mo
Internet/mo
Median household income/yr
State income tax%
Sales tax (combined)%
Movie ticket
Gym membership/mo
Beer at restaurant
Overall COL index (100 = US avg)
Walk score / 100
| Category | Chicago Illinois | Tampa Florida | Who wins | Your impact at $64K · 1br · 1 car |
|---|---|---|---|---|
| 🏠 HousingQ1 2026 | ||||
| Studio rent/mo | $1,500Better | $1,600 | Chicago wins +$100/mo | $1,200/yr saves in Chicago |
| 1BR rent/mo | $1,900Better | $2,000 | Chicago wins +$100/mo | $1,200/yr saves in Chicago |
| 2BR rent/mo | $2,600Better | $2,700 | Chicago wins +$100/mo | $1,200/yr saves in Chicago |
| Median home price | $360KBetter | $380K | Chicago wins +$20K | — |
| 🛒 Food & GroceriesQ1 2026 | ||||
| Groceries index (100 = US avg) | 102 | 99Better | Tampa wins -3 | — |
| Budget meal (1 person) | $15 | $14Better | Tampa wins −$1/mo | — |
| Mid-range dinner (2) | $60 | $58Better | Tampa wins −$2/mo | — |
| 🚌 TransportationQ1 2026 | ||||
| Monthly transit pass/mo | $105 | $65Wins | Tampa wins −$40/mo | $480/yr saves in Tampa |
| Gas price/gal | $3.40 | $3.20Better | Tampa wins −$0.20 | — |
| Car insurance/mo | $165Wins | $210 | Chicago wins +$45/mo | $540/yr saves in Chicago |
| ⚡ UtilitiesQ1 2026 | ||||
| Monthly utilities bundle/mo | $165Wins | $195 | Chicago wins +$30/mo | $360/yr saves in Chicago |
| Internet/mo | $65Better | $65 | — | — |
| 💰 Income & TaxesQ1 2026 | ||||
| Median household income/yr | $67KBetter | $60K | Chicago wins −$7K more/yr | — |
| State income tax% | 4.9% | 0.0%Wins | Tampa wins -4.9 pp | $3,112/yr saves in Tampa |
| Sales tax (combined)% | 10.3% | 7.5%Wins | Tampa wins -2.8 pp | — |
| 🎬 LeisureQ1 2026 | ||||
| Movie ticket | $16.00 | $15.00Better | Tampa wins −$1.00 | — |
| Gym membership/mo | $45 | $38Wins | Tampa wins −$7/mo | — |
| Beer at restaurant | $7.00 | $6.00Wins | Tampa wins −$1.00 | — |
| 📊 OverviewQ1 2026 | ||||
| Overall COL index (100 = US avg) | 107 | 104Better | Tampa wins -3 | — |
| Walk score / 100 | 78Wins | 50 | Chicago wins -28 more/yr | — |
Complete the Picture
While you’re comparing — don’t leave money on the table.
Tax-smart rewards
Turn ~$3,120/yr tax difference into cash back
Tampa fits your move math — cash-back cards stack on groceries, gas, and dining you're already doing.
Home + auto bundle
New state — new insurance rates
Bundling often saves hundreds/yr. Compare before you sign a lease in Tampa.
High-yield savings
Grow your move fund while you shop for homes
Don't let relocation cash sit at 0% — put it to work until closing day.
More ways to compare this move
Ready to move?
Open the full interactive tool to add up to 5 cities, drop in your salary, and see rent burden.
Open full interactive toolComplete the Picture
While you’re comparing — don’t leave money on the table.
If cash is tight
Knock down high-interest debt first
A move has upfront costs — a balance transfer or personal loan can lower APR while you settle in.
If you're saving big
Invest the surplus on autopilot
Brokerages and robo-advisors help you dollar-cost average into the market with your new slack.
Frequently asked questions
Is Chicago cheaper than Tampa?
No. Tampa is 3% cheaper than Chicago based on overall cost of living indices (104 vs 107, where 100 = US average).
What is the average rent in Chicago vs Tampa?
As of Q1 2026, the median 1-bedroom rent in Chicago is $1,900/month and in Tampa is $2,000/month. Chicago is cheaper by 5%.
How much do I need to earn in Tampa to match a $75,000 salary in Chicago?
To maintain a similar lifestyle, you would need approximately $72,897/year in Tampa to match a $75,000 salary in Chicago. This estimate is based on overall cost of living indices and does not account for individual spending patterns.
Which city has lower taxes — Chicago or Tampa?
Tampa has the lower state income tax rate at 0% vs 4.9%. Tampa has no state income tax at all, which can save thousands of dollars per year depending on your income. Note that sales tax and local taxes also vary — see the full breakdown in the table above.
Is it worth moving from Chicago to Tampa?
It depends on your priorities. Tampa offers lower overall costs and tax advantages, but both cities have different job markets, weather, and lifestyle trade-offs. Use the comparison table above to evaluate rent, groceries, transportation, and income potential side by side based on your specific budget.
Data sourced from Zillow, BLS, Numbeo, Tax Foundation, and US Census ACS · Updated Q1 2026 · For general guidance only
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