Chicago vs Fargo

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Illinois salaries · North Dakota salaries

Living in Chicago vs Fargo

Housing is typically the biggest factor in any cost-of-living comparison. Chicago has a housing index of 112 while Fargo sits at 80 (national average = 100). The median home in Chicago costs $310,000 compared to $260,000 in Fargo, a difference of $50,000. Monthly rent follows a similar pattern: $1,700 in Chicago versus $1,000 in Fargo.

Groceries and everyday expenses show a notable difference: Chicago scores 104 while Fargo scores 98. Both cities are close to the national average for grocery costs.

Healthcare costs in Chicago (101) are lower than Fargo (105). Both are close to the national average.

Median household income in Chicago is $62,097 compared to $55,218 in Fargo. When adjusted for cost of living, income goes further in Fargo.

Relocating: Chicago vs Fargo

If you are considering a move between Chicago (index: 107) and Fargo (index: 93), the 13% cost difference has real implications for your budget. Fargo is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Chicago can afford $1,449/month, while the median household in Fargo can afford $1,288/month. With median homes at $310,000 in Chicago versus $260,000 in Fargo, both cities offer reasonable homeownership opportunities at median income.

Renting vs buying: At $1,700/month in Chicago and $1,000/month in Fargo, renters save significantly in Fargo. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Fargo where costs are 7% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Chicago (107) vs Fargo (93)

The cost of living index uses 100 as the national average. Chicago at 107 is 7% above the US average, while Fargo at 93 is 7% below average. Both cities are close to the national average in overall costs.

A 14-point index spread separates Chicago from Fargo, a moderate gap that adds up across monthly bills but is manageable with a typical dual-income household budget. The biggest category divergence is housing, where Chicago scores 112 and Fargo scores 80. That 32-point gap is the primary driver of the overall cost difference between these two metros. Housing, the largest line item for most households, favors Fargo with indices of 80 versus 112. Median home prices of $310,000 in Chicago and $260,000 in Fargo underscore this gap. Neither city is cheaper across the board: Chicago has an edge in healthcare, while Fargo is more affordable for housing and groceries. Your actual savings depend on which categories consume the biggest share of your personal budget.

For renters: With median rents of $1,700/month in Chicago and $1,000/month in Fargo, the annual rent difference is approximately $8,400. Over a 5-year period, that compounds to $42,000 in savings by choosing the more affordable city.

For homebuyers: The $50,000 difference in median home prices between Chicago and Fargo translates to roughly $3,000 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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