Chicago vs Philadelphia
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Chicago vs Philadelphia
Philadelphia is 22% more affordable for homebuyers. Chicago has a price-to-income ratio of 4.8x compared to 4.2x in Philadelphia.
| Metric | Chicago | Philadelphia |
|---|---|---|
| Avg Home Price | $320,000 | $250,000 |
| Price / sqm | $4,200 | $2,800 |
| Rent (1BR) | $1,800/mo | $1,500/mo |
| Rent (3BR) | $2,800/mo | $2,200/mo |
| Price-to-Income | 4.8x | 4.2x |
| Mortgage Rate | 6.8% | 6.8% |
| 1yr Change | +3.2% | +1.5% |
| Median Income | $67,000/yr | $60,000/yr |
| Population | 2,700,000 | 1,600,000 |
📊
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 Philadelphia more expensive?
Philadelphia is more affordable. Home prices differ by $70,000 (22%).
Which city has cheaper rent, Chicago or Philadelphia?
Rent for a 1BR in Chicago is $1,800/mo vs $1,500/mo in Philadelphia.
Explore the DataPeek Network