Chicago, IL vs Farmington, NM
Cost of Living Comparison
Farmington, NM is more affordable by 15.9 index points
Side-by-Side Comparison
| Category | Chicago, IL | Farmington, NM | Difference |
|---|---|---|---|
| Overall | 103.6 | 87.7 | +15.9 |
| Housing | 112.0 | 56.6 | +55.5 |
| Goods | 107.3 | 96.1 | +11.1 |
| Utilities | 83.6 | 77.9 | +5.7 |
| Other Services | 100.5 | 98.5 | +2.0 |
Income & Housing Comparison
| Metric | Chicago, IL | Farmington, NM |
|---|---|---|
| Median Household Income | $85,087 | $50,734 |
| Median Home Value | $288,400 | $170,700 |
| Median Monthly Rent | $1,310 | $894 |
| Per Capita Income | $45,977 | $25,008 |
Frequently Asked Questions
Is Chicago, IL or Farmington, NM cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 15.9 index points (Chicago, IL: 103.6, Farmington, NM: 87.7).
Where is housing cheaper, Chicago, IL or Farmington, NM?
Housing is more affordable in Farmington, NM. Housing index: Chicago, IL (112.0) vs Farmington, NM (56.6).