Considering an apartment in downtown Chicago or a historic home in Detroit? Both cities offer rich history and evolving urban landscapes. Chicago boasts a skyline, diverse economy, and cultural scene, while Detroit is known for its affordability and revitalized neighborhoods. Whether you prefer the bustling streets of Chicago or Detroit’s comeback story, choosing your next home is a significant decision.
When comparing real estate costs, job opportunities, living expenses, and community vibes, there are numerous factors to consider. In this Redfin article, we will delve into the disparities to help you decide which city aligns with your next home purchase.
Housing in Chicago vs Detroit
Chicago and Detroit present unique real estate landscapes. Chicago offers a mix of urban condos and suburban homes, while Detroit’s revitalized neighborhoods provide affordable options.
Housing in Chicago
Chicago’s housing market features a balance of urban high-rises and spacious suburban homes. Buyers can choose from sleek condos in the city center or homes in areas like Hyde Park and Lincoln Park. Chicago offers more space compared to NYC, with various options to suit different lifestyles.
- Median home cost: The median home sale price in Chicago is around $360,000, making it more affordable than major metropolitan areas, especially in neighborhoods just outside downtown.
- Average rental cost: Renting an apartment in Chicago averages around $2,202 per month, making it a more affordable option compared to many other large cities, with prime locations like River North and the Loop attracting higher rates.
Housing in Detroit
Detroit’s real estate market is known for its affordability and growing investment potential. Buyers will find a wide selection of historic homes in areas like Boston-Edison or modern developments in the downtown area. Detroit’s ongoing revitalization efforts have created a unique blend of historic charm and new housing opportunities.
- Median home cost: The median home sale price in Detroit is around $91,500, making it one of the most affordable cities in the U.S., with significant potential for growth.
- Average rental cost: The average rent in Detroit is approximately $1,680 per month, providing highly affordable living options compared to other major cities.
Cost of living in Chicago vs Detroit
Chicago’s overall cost of living is approximately 10% higher than Detroit’s, driven mainly by differences in housing, utilities, and lifestyle expenses. Let’s delve into the key areas contributing to these variations:
1. Utilities:
While Chicago’s utilities are roughly 3% lower than Detroit’s, the city’s colder winters result in higher heating costs. On the other hand, Detroit benefits from slightly lower utility rates, especially for electricity and water.
2. Groceries:
Groceries in Chicago cost about 1% more than in Detroit. Chicago’s larger population and demand for a wider variety of products drive up prices. In contrast, Detroit’s proximity to local agriculture and lower overall cost of living helps keep grocery prices down.
3. Transportation:
Chicago’s transportation costs are 4% higher than Detroit’s. Although Chicago has a more extensive public transportation network, it also comes with higher fares. Detroit’s car-centric infrastructure is generally more affordable, though parking and driving in Chicago can significantly increase transportation expenses.
4. Healthcare:
Healthcare costs are similar in both cities. While Chicago boasts more specialized medical facilities, its healthcare costs are balanced out by Detroit’s more affordable options.
5. Lifestyle:
Surprisingly, lifestyle expenses in Chicago are 5% lower than in Detroit. While Chicago offers a rich arts and entertainment scene, it tends to be pricier. Detroit, though still developing, provides more affordable cultural and lifestyle experiences.
Chicago vs Detroit in size and population
Chicago spans 227 square miles with a population of 2.7 million, making it one of the largest and densest cities in the U.S. Detroit covers 142 square miles and is home to roughly 639,000 residents. Chicago offers a mix of city life and residential areas, while Detroit is experiencing revitalization with more space and affordability compared to Chicago.
Weather and climate in Chicago vs Detroit
Both cities experience all four seasons, but Chicago’s winters are harsher due to its proximity to Lake Michigan, intensifying cold and snowfall. Detroit, though cold and snowy, generally has less severe winter weather. Summers in both cities are warm and humid, with Chicago benefitting from breezy conditions. Detroit is more prone to tornadoes, while Chicago’s weather is influenced by lake-driven patterns.
The job market in Chicago vs Detroit
Chicago: Diverse economy in finance, manufacturing, and healthcare
Chicago’s job market thrives on a mix of finance, manufacturing, and healthcare industries, solidifying its status as an economic powerhouse in the Midwest. With an employment rate of 64% and a median household income of $74,000, Chicago offers competitive earnings. The finance industry, tech sector, and healthcare institutions provide ample job opportunities, making it a stable city for professionals.
Detroit: Revitalized manufacturing and emerging tech
Detroit’s job market is experiencing a resurgence with revitalized manufacturing and an emerging tech scene. The city’s employment rate is around 49%, with a median household income of $38,000. Major employers like General Motors and Ford dominate the manufacturing sector, while new tech startups are making their mark. Detroit’s ongoing recovery offers growing opportunities for job seekers.
Transportation in Chicago vs Detroit
Chicago: Extensive public transit and car-friendly
Chicago’s public transportation system, including the “L” trains and buses, provides easy access across the city. Many residents rely on public transit, particularly in the downtown area. The city is highly walkable, and the Divvy bike-share program has made biking more accessible. Driving is also feasible in Chicago, with more available parking and wider streets compared to NYC.
Detroit: Car-centric with limited transit
Detroit is a car-centric city, with most residents using personal vehicles for commuting. Public transportation options are limited, with the Detroit Department of Transportation offering bus services. Walkability is improving in some neighborhoods, and the MoGo bike-share program is gaining popularity. However, driving remains the primary mode of transportation for most Detroiters.
Lifestyle and things to do in Chicago and Detroit
A day in the life of a Chicagoan
Living in Chicago offers a mix of urban life and midwestern charm, with each neighborhood contributing to a distinct feel. Mornings might start with coffee in Lincoln Park or Wicker Park before heading to work. Weekends are filled with outdoor activities along Lake Michigan, exploring festivals, or catching a game at Wrigley Field. Chicago’s architectural history, museums, and theater scene keep residents engaged, while music and food enthusiasts have plenty of options to explore.
Top things to do in Chicago:
Google Street View of the Field Museum
Chicago parks and outdoor activities:
Google Street View of Grant Park
Chicago tourist attractions:
- Willis Tower Skydeck
- Navy Pier
- Millennium Park
- Lincoln Park Zoo
- Chicago Riverwalk
A day in the life of a Detroiter
Living in Detroit offers a mix of historic charm and revitalization. Mornings might start with coffee in Midtown or