Moving from New York City to Chicago?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your New York City lifestyle in Chicago, you'd need to earn:
$69,005/year
▼ $5,995 less than you make now
| Category | New York City | Chicago |
|---|---|---|
| Salary | $75,000 | $69,005 |
| Federal Income Tax | -$8,114 | -$6,795 |
| Social Security | -$4,650 | -$4,278 |
| Medicare | -$1,088 | -$1,001 |
| State Tax | -$3,960 | -$3,416 |
| Take-Home Pay | $57,189 | $53,515 |
Why the difference
- Cost of living is -8.0% in Chicago
- Housing is -24.6% in Chicago
- At the same $75,000 salary, you'd save $248/year in taxes in Chicago
Estimated Moving Costs
Distance: ~711 miles
DIY Truck
$3,000
Container
$5,000
Full-Service
$7,000
Salary Equivalents: New York City to Chicago
| Your New York City Salary | Chicago Equivalent | Difference | Chicago Take-Home |
|---|---|---|---|
| $40,000 | $36,803 | -$3,197 | $29,788 |
| $50,000 | $46,004 | -$3,996 | $36,726 |
| $60,000 | $55,204 | -$4,796 | $43,662 |
| $75,000 | $69,005 | -$5,995 | $53,515 |
| $100,000 | $92,007 | -$7,993 | $68,559 |
| $150,000 | $138,011 | -$11,989 | $98,252 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How New York City and Chicago Compare
Housing (25% cheaper in Chicago)
The average 1-bedroom apartment in Chicago rents for $1,975/month compared to $4,430/month in New York City. Median home prices: $374,000 in Chicago vs $750,000 in New York City.
Taxes
New York has a progressive state income tax from 4.0% to 10.9%. Illinois has a flat 5.0% state income tax. On a $75,000 salary, moving to Chicago would save you about $248/year in taxes alone.
Overall Cost of Living
Chicago's overall cost of living is 8.0% lower than New York City, based on the BEA Regional Price Parity index (where 100 = national average).New York City: 112.6, Chicago: 103.6.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your New York City to Chicago move. Average cost: $3,000–$7,000.
Compare Moving Quotes →Find Apartments in Chicago
Average 1BR rent in Chicago: $1,975/month. Browse available listings.
Search Apartments →High-Yield Savings
Park your moving fund in a 4.5%+ APY savings account while you plan your relocation.
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