Cost of Living: Montgomery Village, MD vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Montgomery Village, MD versus $4,227/mo in Chicago, IL. In the model, rent is about 27.45% of gross in Montgomery Village, MD 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 Montgomery Village, MD 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: Montgomery Village, MD
Cost of Living Index
Montgomery Village, MD: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Montgomery Village, MD, so a given salary generally stretches further there.
Median Rent
Montgomery Village, MD: $1,789/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Montgomery Village, MD is $466/mo higher than in Chicago, IL.
Median Home Price
Montgomery Village, MD: $367,100 · Chicago, IL: $147,800
Median home price in Montgomery Village, MD is $219,300 higher than in Chicago, IL.
Median Household Income
Montgomery Village, MD: $96,487 · Chicago, IL: $56,815
Montgomery Village, MD has a higher median household income than Chicago, IL by $39,672.
Montgomery Village, MD overview · Chicago, IL overview · Popular comparisons