Cost of Living: Miami Beach, 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 Miami Beach, FL versus $4,227/mo in Chicago, IL. In the model, rent is about 25.25% of gross in Miami Beach, 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 Miami Beach, 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: Miami Beach, FL
Cost of Living Index
Miami Beach, FL: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Miami Beach, FL, so a given salary generally stretches further there.
Median Rent
Miami Beach, FL: $1,647/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Miami Beach, FL is $324/mo higher than in Chicago, IL.
Median Home Price
Miami Beach, FL: $542,000 · Chicago, IL: $147,800
Median home price in Miami Beach, FL is $394,200 higher than in Chicago, IL.
Median Household Income
Miami Beach, FL: $67,014 · Chicago, IL: $56,815
Miami Beach, FL has a higher median household income than Chicago, IL by $10,199.
Miami Beach, FL overview · Chicago, IL overview · Popular comparisons