Cost of Living: Southaven, MS vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Southaven, MS versus $4,227/mo in Chicago, IL. In the model, rent is about 19.83% of gross in Southaven, MS versus 20.28% in Chicago, IL, so Southaven, MS tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Southaven, MS and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Southaven, MS
- Lower home prices: Chicago, IL
- Higher median household income: Southaven, MS
Cost of Living Index
Southaven, MS: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Southaven, MS, so a given salary generally stretches further there.
Median Rent
Southaven, MS: $1,293/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $30/mo higher than in Southaven, MS.
Median Home Price
Southaven, MS: $214,800 · Chicago, IL: $147,800
Median home price in Southaven, MS is $67,000 higher than in Chicago, IL.
Median Household Income
Southaven, MS: $76,159 · Chicago, IL: $56,815
Southaven, MS has a higher median household income than Chicago, IL by $19,344.
Southaven, MS overview · Chicago, IL overview · Popular comparisons