Can I Afford to Live in Chicago vs Billings on $60K?
Here's how a $60K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.
Monthly budget breakdown
| Expense | Chicago IL | Billings MT |
|---|---|---|
| Monthly take-home (est.) | $3,548 | $3,453 |
| 1BR rent | $1,900 | $1,200 |
| Groceries (est.) | $388 | $369 |
| Transport (est.) | $105 | $42 |
| Utilities | $165 | $148 |
| Internet | $65 | $68 |
| Left after essentials | $925/month | $1,626/month |
Frequently asked questions
Is $60K a good salary in Chicago?
At $60K/year in Chicago, your estimated monthly take-home is $3,548. With 1BR rent around $1,900/month, rent takes up 54% of your take-home. That's considered difficult.
Is $60K a good salary in Billings?
At $60K/year in Billings, your estimated monthly take-home is $3,453. With 1BR rent around $1,200/month, rent takes up 35% of your take-home. That's considered manageable.
Which city is more affordable on a $60K salary?
Billings leaves you with more money after core expenses — $1,626/month vs $925/month in Chicago.
Can I afford to live alone in Chicago on $60K?
It's tight. Rent in Chicago would take 54% of your $60K take-home pay. You may need to find roommates or look at studios to stay within the 30% rule.
See the full cost-of-living comparison
Rent, groceries, taxes, transportation, and more — side by side.
Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only