Quick answer
Overall prices in the Chicago, IL metro were 103.6 vs 96.9 in Milwaukee, WI in 2024 (US = 100), so Chicago is 6.9% more expensive than Milwaukee; housing rents differ by 15% (112.0 vs 97.1). A $75,000 income in Chicago buys about what $70,180 buys in Milwaukee, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Chicago | Milwaukee | Chicago vs Milwaukee |
|---|---|---|---|
| All items | 103.6 | 96.9 | +6.9% |
| Goods | 107.3 | 93.8 | +14.4% |
| Housing (rents) | 112.0 | 97.1 | +15.3% |
| Utilities | 83.6 | 91.6 | -8.7% |
| Other services | 100.5 | 99.4 | +1.1% |
| All items, 2008 | 105.4 | 97.7 | +7.9% |
| $50,000 in Chicago equals in Milwaukee | $46,787 | ||
| $100,000 in Chicago equals in Milwaukee | $93,573 | ||
| $150,000 in Chicago equals in Milwaukee | $140,360 |
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Last updated 2026-10-16. Data only, not financial or tax advice.