Cost of Living: Valparaiso, IN vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Valparaiso, IN versus $4,227/mo in Chicago, IL. In the model, rent is about 16.65% of gross in Valparaiso, IN versus 20.28% in Chicago, IL, so Valparaiso, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Valparaiso, IN and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Valparaiso, IN
- Lower home prices: Chicago, IL
- Higher median household income: Valparaiso, IN
Cost of Living Index
Valparaiso, IN: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Valparaiso, IN, so a given salary generally stretches further there.
Median Rent
Valparaiso, IN: $1,085/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $238/mo higher than in Valparaiso, IN.
Median Home Price
Valparaiso, IN: $250,500 · Chicago, IL: $147,800
Median home price in Valparaiso, IN is $102,700 higher than in Chicago, IL.
Median Household Income
Valparaiso, IN: $67,664 · Chicago, IL: $56,815
Valparaiso, IN has a higher median household income than Chicago, IL by $10,849.
Valparaiso, IN overview · Chicago, IL overview · Popular comparisons