Cost of Living: Newark, DE vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,131/mo in Newark, DE versus $4,227/mo in Chicago, IL. In the model, rent is about 23.47% of gross in Newark, DE 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 Newark, DE 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: Newark, DE
Cost of Living Index
Newark, DE: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Newark, DE, so a given salary generally stretches further there.
Median Rent
Newark, DE: $1,531/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Newark, DE is $208/mo higher than in Chicago, IL.
Median Home Price
Newark, DE: $357,600 · Chicago, IL: $147,800
Median home price in Newark, DE is $209,800 higher than in Chicago, IL.
Median Household Income
Newark, DE: $71,373 · Chicago, IL: $56,815
Newark, DE has a higher median household income than Chicago, IL by $14,558.
Newark, DE overview · Chicago, IL overview · Popular comparisons