Cost of Living: New City, NY vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,116/mo in New City, NY versus $4,227/mo in Chicago, IL. In the model, rent is about 34.9% of gross in New City, NY 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 New City, NY 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: New City, NY
Cost of Living Index
New City, NY: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than New City, NY, so a given salary generally stretches further there.
Median Rent
New City, NY: $2,276/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in New City, NY is $953/mo higher than in Chicago, IL.
Median Home Price
New City, NY: $618,500 · Chicago, IL: $147,800
Median home price in New City, NY is $470,700 higher than in Chicago, IL.
Median Household Income
New City, NY: $174,479 · Chicago, IL: $56,815
New City, NY has a higher median household income than Chicago, IL by $117,664.
New City, NY overview · Chicago, IL overview · Popular comparisons