While the latest data shows Chicago's job market isn't booming compared to the national average, there are still reasons to consider a job search in the Windy City.
Chicago's business environment remains robust, despite national uncertainties, and, last year, the city secured its 11th consecutive year as a Top Metro for Corporate Relocation, indicating continued business growth potential.
While higher than the national rate, Chicago's unemployment rate of around 5.4% in 2023 is lower than the long-term average of 7.55% [
Ycharts]. New positions are constantly emerging, especially with the growth in certain sectors.
The cost of living in Chicago, IL is 3% above the state average and 8% lower the national average.
| Cost of Living in Chicago, IL | Compared to State Average | Compared to National Average |
|---|
| Housing (Buy and Rent) | 77% higher | 38% higher |
| Utilities (Monthly) | 2% lower | 11% lower |
| Food | 6% higher | 4% higher |
| Healthcare | 15% higher | 8% higher |
| Transportation | 4% higher | 8% higher |
| Goods & Services | 11% higher | 7% higher |
More data and info at
Rentcafe ChicagoChicago offers a more affordable cost of living and a more manageable pace of life compared to some coastal cities like San Francisco or New York [
Forbes].
However, Chicago still offers stunning surroundings, cultural richness and a strong job market.
From the Art Institute of Chicago to renowned theater companies, Chicago boasts a thriving arts scene that caters to diverse interests. Throughout the year, Chicago comes alive with vibrant street festivals, cultural celebrations, and music events, offering a taste of the city's diverse energy.
Moreover, it is also a foodie paradise, offering everything from deep-dish pizza and Michelin-starred restaurants to ethnic enclaves with unique culinary experiences.
