Cost of Living: Michigan City, IN vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Michigan City, IN versus $4,227/mo in Chicago, IL. In the model, rent is about 13.34% of gross in Michigan City, IN versus 20.28% in Chicago, IL, so Michigan City, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Michigan City, IN and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Michigan City, IN
- Lower home prices: Michigan City, IN
- Higher median household income: Chicago, IL
Cost of Living Index
Michigan City, IN: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Michigan City, IN, so a given salary generally stretches further there.
Median Rent
Michigan City, IN: $870/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $453/mo higher than in Michigan City, IN.
Median Home Price
Michigan City, IN: $129,000 · Chicago, IL: $147,800
Median home price in Chicago, IL is $18,800 higher than in Michigan City, IN.
Median Household Income
Michigan City, IN: $52,979 · Chicago, IL: $56,815
Chicago, IL has a higher median household income than Michigan City, IN by $3,836.
Michigan City, IN overview · Chicago, IL overview · Popular comparisons