Cost of Living: Melbourne, FL 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 Melbourne, FL versus $4,227/mo in Chicago, IL. In the model, rent is about 20.55% of gross in Melbourne, FL versus 20.28% in Chicago, IL, so Chicago, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melbourne, FL and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Chicago, IL
- Lower home prices: Chicago, IL
- Higher median household income: Melbourne, FL
Cost of Living Index
Melbourne, FL: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Melbourne, FL, so a given salary generally stretches further there.
Median Rent
Melbourne, FL: $1,341/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Melbourne, FL is $18/mo higher than in Chicago, IL.
Median Home Price
Melbourne, FL: $272,900 · Chicago, IL: $147,800
Median home price in Melbourne, FL is $125,100 higher than in Chicago, IL.
Median Household Income
Melbourne, FL: $64,504 · Chicago, IL: $56,815
Melbourne, FL has a higher median household income than Chicago, IL by $7,689.
Melbourne, FL overview · Chicago, IL overview · Popular comparisons