Cost of Living: Schaumburg, IL vs Newport, RI
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Schaumburg, IL versus $4,167/mo in Newport, RI. In the model, rent is about 25.85% of gross in Schaumburg, IL versus 23.49% in Newport, RI, so Newport, RI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Schaumburg, IL and Newport, RI.
At a glance
- Cheaper overall (lower cost-of-living index): Newport, RI
- Lower rent (median 1BR/2BR): Newport, RI
- Lower home prices: Schaumburg, IL
- Higher median household income: Schaumburg, IL
Cost of Living Index
Schaumburg, IL: 100 (U.S. = 100) · Newport, RI: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Schaumburg, IL: $1,686/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Schaumburg, IL is $154/mo higher than in Newport, RI.
Median Home Price
Schaumburg, IL: $312,200 · Newport, RI: $669,500
Median home price in Newport, RI is $357,300 higher than in Schaumburg, IL.
Median Household Income
Schaumburg, IL: $94,690 · Newport, RI: $83,562
Schaumburg, IL has a higher median household income than Newport, RI by $11,128.
Schaumburg, IL overview · Newport, RI overview · Popular comparisons