Cost of Living: South Valley, NM vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in South Valley, NM versus $4,227/mo in Chicago, IL. In the model, rent is about 13.73% of gross in South Valley, NM versus 20.28% in Chicago, IL, so South Valley, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between South Valley, NM and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): South Valley, NM
- Lower home prices: Chicago, IL
- Higher median household income: Chicago, IL
Cost of Living Index
South Valley, NM: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than South Valley, NM, so a given salary generally stretches further there.
Median Rent
South Valley, NM: $895/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $428/mo higher than in South Valley, NM.
Median Home Price
South Valley, NM: $205,200 · Chicago, IL: $147,800
Median home price in South Valley, NM is $57,400 higher than in Chicago, IL.
Median Household Income
South Valley, NM: $51,062 · Chicago, IL: $56,815
Chicago, IL has a higher median household income than South Valley, NM by $5,753.
South Valley, NM overview · Chicago, IL overview · Popular comparisons