Cost of Living: Laramie, WY vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Laramie, WY versus $4,227/mo in Chicago, IL. In the model, rent is about 13.59% of gross in Laramie, WY versus 20.28% in Chicago, IL, so Laramie, WY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Laramie, WY and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Laramie, WY
- Lower home prices: Chicago, IL
- Higher median household income: Chicago, IL
Cost of Living Index
Laramie, WY: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Laramie, WY, so a given salary generally stretches further there.
Median Rent
Laramie, WY: $887/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $436/mo higher than in Laramie, WY.
Median Home Price
Laramie, WY: $302,200 · Chicago, IL: $147,800
Median home price in Laramie, WY is $154,400 higher than in Chicago, IL.
Median Household Income
Laramie, WY: $52,414 · Chicago, IL: $56,815
Chicago, IL has a higher median household income than Laramie, WY by $4,401.
Laramie, WY overview · Chicago, IL overview · Popular comparisons