Cost of Living: Albuquerque, NM vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Albuquerque, NM versus $4,227/mo in Chicago, IL. In the model, rent is about 15.81% of gross in Albuquerque, NM versus 20.28% in Chicago, IL, so Albuquerque, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Albuquerque, NM and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Albuquerque, NM
- Lower rent (median 1BR/2BR): Albuquerque, NM
- Lower home prices: Chicago, IL
- Higher median household income: Albuquerque, NM
Cost of Living Index
Albuquerque, NM: 89.6 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Albuquerque, NM has a lower cost-of-living index than Chicago, IL, so a given salary generally stretches further there.
Median Rent
Albuquerque, NM: $1,031/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $292/mo higher than in Albuquerque, NM.
Median Home Price
Albuquerque, NM: $266,700 · Chicago, IL: $147,800
Median home price in Albuquerque, NM is $118,900 higher than in Chicago, IL.
Median Household Income
Albuquerque, NM: $65,604 · Chicago, IL: $56,815
Albuquerque, NM has a higher median household income than Chicago, IL by $8,789.
Albuquerque, NM overview · Chicago, IL overview · Popular comparisons