Cost of Living: Newport, RI vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,167/mo in Newport, RI versus $4,227/mo in Chicago, IL. In the model, rent is about 23.49% of gross in Newport, RI 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 Newport, RI 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: Newport, RI
Cost of Living Index
Newport, RI: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Newport, RI, so a given salary generally stretches further there.
Median Rent
Newport, RI: $1,532/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Newport, RI is $209/mo higher than in Chicago, IL.
Median Home Price
Newport, RI: $669,500 · Chicago, IL: $147,800
Median home price in Newport, RI is $521,700 higher than in Chicago, IL.
Median Household Income
Newport, RI: $83,562 · Chicago, IL: $56,815
Newport, RI has a higher median household income than Chicago, IL by $26,747.
Newport, RI overview · Chicago, IL overview · Popular comparisons