Austin vs Chicago
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Austin vs Chicago
Chicago is 29% more affordable for homebuyers. Austin has a price-to-income ratio of 6.2x compared to 4.8x in Chicago.
| Metric | Austin | Chicago |
|---|---|---|
| Avg Home Price | $450,000 | $320,000 |
| Price / sqm | $4,800 | $4,200 |
| Rent (1BR) | $1,700/mo | $1,800/mo |
| Rent (3BR) | $2,600/mo | $2,800/mo |
| Price-to-Income | 6.2x | 4.8x |
| Mortgage Rate | 6.8% | 6.8% |
| 1yr Change | -2.5% | +3.2% |
| Median Income | $73,000/yr | $67,000/yr |
| Population | 1,000,000 | 2,700,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Austin or Chicago more expensive?
Chicago is more affordable. Home prices differ by $130,000 (29%).
Which city has cheaper rent, Austin or Chicago?
Rent for a 1BR in Austin is $1,700/mo vs $1,800/mo in Chicago.
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