Moving from New York, NY to Chicago, IL
If you rent
$80,000 → $74,600
You'd need about $5,400 less a year in Chicago for the same standard of living.
If you buy
$80,000 → $66,100
Home prices are 58% lower in Chicago.
| Measure | New York | Chicago |
|---|---|---|
| Median rent | $1,779 / mo | $1,380 / mo |
| Median home value | $751,700 | $315,200 |
| Median household income | $79,713 | $75,134 |
| Median rent as a share of your $80,000 salary | 27% | 21% |
How this is estimated
Rent in Chicago is 22% lower than in New York. 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: Chicago, IL to New York, NY Compare the two cities side by side About Chicago
Data: U.S. Census Bureau ACS