Billings wins overall by ~17% (COL index)
Cost of living: Billings vs Chicago (2026)
A $63,500 salary in Billings buys roughly what $76,343 does in Chicago (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
+$9,114/yr
Favoring Billings for this income & household (illustrative).
With the extra $759/mo, you could pay down a $15,000 card balance in ~20 months and still keep ~$91/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 | Billings Montana | Chicago Illinois | Who wins | Your impact at $64K · 1br · 1 car |
|---|---|---|---|---|
| 🏠 HousingQ1 2026 | ||||
| Studio rent/mo | $950Wins | $1,500 | Billings wins +$550/mo | $6,600/yr saves in Billings |
| 1BR rent/mo | $1,200Wins | $1,900 | Billings wins +$700/mo | $8,400/yr saves in Billings |
| 2BR rent/mo | $1,600Wins | $2,600 | Billings wins +$1,000/mo | $12,000/yr saves in Billings |
| Median home price | $320KBetter | $360K | Billings wins +$40K | — |
| 🛒 Food & GroceriesQ1 2026 | ||||
| Groceries index (100 = US avg) | 97Better | 102 | Billings wins +5 | — |
| Budget meal (1 person) | $12Wins | $15 | Billings wins +$3/mo | — |
| Mid-range dinner (2) | $52Wins | $60 | Billings wins +$8/mo | — |
| 🚌 TransportationQ1 2026 | ||||
| Monthly transit pass/mo | $42Wins | $105 | Billings wins +$63/mo | $756/yr saves in Billings |
| Gas price/gal | $3.45 | $3.40Better | Chicago wins −$0.05 | — |
| Car insurance/mo | $138Wins | $165 | Billings wins +$27/mo | $324/yr saves in Billings |
| ⚡ UtilitiesQ1 2026 | ||||
| Monthly utilities bundle/mo | $148Better | $165 | Billings wins +$17/mo | — |
| Internet/mo | $68 | $65Better | Chicago wins −$3/mo | — |
| 💰 Income & TaxesQ1 2026 | ||||
| Median household income/yr | $60K | $67KBetter | Chicago wins +$7K more/yr | — |
| State income tax% | 6.8% | 4.9%Wins | Chicago wins -1.9 pp | $1,206/yr saves in Chicago |
| Sales tax (combined)% | 0.0%Wins | 10.3% | Billings wins +10.3 pp | — |
| 🎬 LeisureQ1 2026 | ||||
| Movie ticket | $14.00Wins | $16.00 | Billings wins +$2.00 | — |
| Gym membership/mo | $35Wins | $45 | Billings wins +$10/mo | — |
| Beer at restaurant | $5.50Wins | $7.00 | Billings wins +$1.50 | — |
| 📊 OverviewQ1 2026 | ||||
| Overall COL index (100 = US avg) | 89Wins | 107 | Billings wins +18 | — |
| Walk score / 100 | 26 | 78Wins | Chicago wins +52 more/yr | — |
Complete the Picture
While you’re comparing — don’t leave money on the table.
Tax-smart rewards
Turn ~$1,200/yr tax difference into cash back
Billings 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 Billings.
High-yield savings
Park ~$8,400/yr rent savings at 4–5%+ APY
Don't let relocation cash sit at 0% — put it to work until closing day.
More ways to compare this move
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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 Billings cheaper than Chicago?
Yes. Billings is 17% cheaper than Chicago based on overall cost of living indices (89 vs 107, where 100 = US average).
What is the average rent in Billings vs Chicago?
As of Q1 2026, the median 1-bedroom rent in Billings is $1,200/month and in Chicago is $1,900/month. Billings is cheaper by 37%.
How much do I need to earn in Chicago to match a $75,000 salary in Billings?
To maintain a similar lifestyle, you would need approximately $90,169/year in Chicago to match a $75,000 salary in Billings. This estimate is based on overall cost of living indices and does not account for individual spending patterns.
Which city has lower taxes — Billings or Chicago?
Chicago has the lower state income tax rate at 4.9% vs 6.8%. The difference is 1.9 percentage points. Note that sales tax and local taxes also vary — see the full breakdown in the table above.
Is it worth moving from Billings to Chicago?
It depends on your priorities. Billings offers lower overall costs, 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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Salary equivalent: Billings ↔ Chicago
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