Moving from Chicago, IL to New York, NY
If you rent
$75,000 → $81,500
You'd need about $6,500 more a year in New York for the same standard of living.
If you buy
$75,000 → $106,200
Home prices are 138% higher in New York.
| Measure | Chicago | New York |
|---|---|---|
| Median rent | $1,380 / mo | $1,779 / mo |
| Median home value | $315,200 | $751,700 |
| Median household income | $75,134 | $79,713 |
| Median rent as a share of your $75,000 salary | 22% | 28% |
How this is estimated
Rent in New York is 29% higher than in Chicago. We assume 30% of your income goes on housing and scale that share by the price difference. Taxes, groceries, transport and other costs are assumed equal, so state income tax or a long commute could move the real number. Housing figures are Census medians, not what a particular home costs.
Reverse: New York, NY to Chicago, IL Compare the two cities side by side About New York
Data: U.S. Census Bureau ACS