Chicago vs Madrid
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Chicago vs Madrid
Madrid is 0% more affordable for homebuyers. Chicago has a price-to-income ratio of 4.8x compared to 8.2x in Madrid.
| Metric | Chicago | Madrid |
|---|---|---|
| Avg Home Price | $320,000 | $320,000 |
| Price / sqm | $4,200 | $4,800 |
| Rent (1BR) | $1,800/mo | $1,100/mo |
| Rent (3BR) | $2,800/mo | $1,800/mo |
| Price-to-Income | 4.8x | 8.2x |
| Mortgage Rate | 6.8% | 3.2% |
| 1yr Change | +3.2% | +4.8% |
| Median Income | $67,000/yr | $39,000/yr |
| Population | 2,700,000 | 3,300,000 |
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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 Chicago or Madrid more expensive?
Madrid is more affordable. Home prices differ by $0 (0%).
Which city has cheaper rent, Chicago or Madrid?
Rent for a 1BR in Chicago is $1,800/mo vs $1,100/mo in Madrid.
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