Chicago 14th most expensive city worldwide in livability study
March 1, 2016


Chicago was ranked the 14th most expensive place to live and work in the world, according to a new study by New York-based real estate firm Savills Studley, which estimated it costs $44,700 a year for an individual to live and work here, up 10 percent from five years ago.

Savills Live/Work Index study measures the combined costs of residential and office rentals per person per year, with the average total cost of accommodation per worker being $56,855.

Chicago's cost of living is fairly reasonable compared with the $111,300 it costs to live and work in New York. But then again, New York has more than double the number of metro area residents, with 20.2 million people living there in 2015, compared with 9.6 million living in Chicago...

Chicago 14th most expensive city worldwide in livability study




Related Stories

Savills World Office Yield Spectrum 1H/2016
National Office Sector Report (Q4 2015)