Chicago, IL vs New York, NY
Cost of Living Comparison
Chicago, IL is more affordable by 9.0 index points
Side-by-Side Comparison
| Category | Chicago, IL | New York, NY | Difference |
|---|---|---|---|
| Overall | 103.6 | 112.6 | -9.0 |
| Housing | 112.0 | 148.6 | -36.6 |
| Goods | 107.3 | 110.3 | -3.0 |
| Utilities | 83.6 | 127.0 | -43.4 |
| Other Services | 100.5 | 105.8 | -5.3 |
Income & Housing Comparison
| Metric | Chicago, IL | New York, NY |
|---|---|---|
| Median Household Income | $85,087 | $93,610 |
| Median Home Value | $288,400 | $553,500 |
| Median Monthly Rent | $1,310 | $1,711 |
| Per Capita Income | $45,977 | $52,011 |
Frequently Asked Questions
Is Chicago, IL or New York, NY cheaper to live in?
Chicago, IL is more affordable. The cost of living difference is 9.0 index points (Chicago, IL: 103.6, New York, NY: 112.6).
Where is housing cheaper, Chicago, IL or New York, NY?
Housing is more affordable in Chicago, IL. Housing index: Chicago, IL (112.0) vs New York, NY (148.6).