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Chicago vs New York City

Cost of living comparison for Chicago, Illinois and New York City, New York.

Bottom line

New York City is approximately 43% more expensive than Chicago. A single person needs about $5,319/mo in New York City versus $3,707/mo in Chicago.

Rent in Chicago vs New York City

HUD Fair Market Rents by bedroom count.

Chicago · Studio
$1,458
New York City · Studio
$2,406
New York City is $948 (65%) higher than Chicago
Chicago · 1 bedroom
$1,560
New York City · 1 bedroom
$2,511
New York City is $951 (61%) higher than Chicago
Chicago · 2 bedroom
$1,761
New York City · 2 bedroom
$2,780
New York City is $1,019 (58%) higher than Chicago
Chicago · 3 bedroom
$2,262
New York City · 3 bedroom
$3,465
New York City is $1,203 (53%) higher than Chicago

Income & earnings in Chicago vs New York City

Annual figures from Census ACS.

Chicago · Household income
$81,797
New York City · Household income
$104,553
New York City is $22,756 (28%) higher than Chicago
Chicago · Individual earnings
$49,298
New York City · Individual earnings
$75,255
New York City is $25,957 (53%) higher than Chicago
Chicago · Per capita
$47,801
New York City · Per capita
$94,922
New York City is $47,121 (99%) higher than Chicago

Home values in Chicago vs New York City

Average values and property tax.

Chicago · Average home value
$305,200
New York City · Average home value
$1,108,900
New York City is $803,700 (263%) higher than Chicago
Chicago · Annual property tax
$6,053
New York City · Annual property tax
$10,001
New York City is $3,948 (65%) higher than Chicago

Energy in Chicago vs New York City

Estimated monthly electricity and gas.

Chicago · Monthly electricity
$116
New York City · Monthly electricity
$140
New York City is $24 (21%) higher than Chicago
Chicago · Monthly gas
$61
New York City · Monthly gas
$68
New York City is $7 (11%) higher than Chicago
Chicago · Annual total
$2,124
New York City · Annual total
$2,496
New York City is $372 (18%) higher than Chicago

Healthcare in Chicago vs New York City

Marketplace premium estimates and coverage rate.

Chicago · Individual premium
$480
New York City · Individual premium
$480
Chicago and New York City are about the same
Chicago · Family premium
$1,350
New York City · Family premium
$1,350
Chicago and New York City are about the same
Chicago · Uninsured rate
9.0%
New York City · Uninsured rate
4.3%
Chicago is 4.7% (109%) higher than New York City

Taxes in Chicago vs New York City

State income and sales tax.

Chicago · State income tax
5.0%
New York City · State income tax
10.9%
New York City is 6.0% (120%) higher than Chicago
Chicago · State sales tax
6.3%
New York City · State sales tax
4.0%
Chicago is 2.3% (56%) higher than New York City
Chicago · Combined sales tax
8.8%
New York City · Combined sales tax
8.5%
Chicago is 0.3% (4%) higher than New York City

Transportation in Chicago vs New York City

Commute time and travel modes.

Chicago · Average commute
31.9 min
New York City · Average commute
31.4 min
Chicago is 0.5 min (2%) higher than New York City
Chicago · Drive alone
56.2%
New York City · Drive alone
5.7%
Chicago is 50.5% (886%) higher than New York City
Chicago · Public transit
13.0%
New York City · Public transit
45.5%
New York City is 32.5% (250%) higher than Chicago

Monthly cost estimates in Chicago vs New York City

All categories combined.

Chicago · Single person
$3,707
New York City · Single person
$5,319
New York City is $1,612 (43%) higher than Chicago
Chicago · Couple
$5,165
New York City · Couple
$6,684
New York City is $1,519 (29%) higher than Chicago
Chicago · Family
$7,811
New York City · Family
$9,554
New York City is $1,743 (22%) higher than Chicago

Frequently asked questions

Common questions comparing Chicago and New York City.

Is Chicago or New York City more expensive?

New York City is more expensive overall. A single person needs approximately $3,707/mo in Chicago, Illinois and $5,319/mo in New York City, New York, a difference of about 43%.

What is the rent difference between Chicago and New York City?

Average one-bedroom rent in Chicago, Illinois is $1,560/mo versus $2,511/mo in New York City, New York. New York City is approximately $951 (61%) more expensive for a one-bedroom apartment.

Which has higher income, Chicago or New York City?

New York City has the higher average household income. Chicago households earn approximately $81,797 per year; New York City households earn approximately $104,553 per year.

More on Chicago and New York City

Read full profiles for either area, or pick a different pair to compare.

About this data

Figures come from official U.S. government sources including the Census Bureau (ACS), HUD Fair Market Rents, and the Energy Information Administration. See our methodology for details.