Cost of Living: Miami Lakes, 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 Lakes, FL versus $4,227/mo in Chicago, IL. In the model, rent is about 29.49% of gross in Miami Lakes, 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 Lakes, 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 Lakes, FL
Cost of Living Index
Miami Lakes, FL: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Miami Lakes, FL, so a given salary generally stretches further there.
Median Rent
Miami Lakes, FL: $1,923/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Miami Lakes, FL is $600/mo higher than in Chicago, IL.
Median Home Price
Miami Lakes, FL: $577,300 · Chicago, IL: $147,800
Median home price in Miami Lakes, FL is $429,500 higher than in Chicago, IL.
Median Household Income
Miami Lakes, FL: $97,255 · Chicago, IL: $56,815
Miami Lakes, FL has a higher median household income than Chicago, IL by $40,440.
Miami Lakes, FL overview · Chicago, IL overview · Popular comparisons