Moving from Chicago to New York
Your paycheck buys 12.6% less in New York than in Chicago; you'd need about $105,400 to break even. Compare taxes, rent, home prices and the cost of the move.
Equal salary in New York: $105,400
Compare any two of 149 U.S. metro areas. All cities
To keep the same lifestyle, you need about $105,400 in New York, NY to match $90,000 in Chicago, IL ($15,400 more), after 2026 taxes and local prices.
Single filer, W-2 salary. Uses Illinois and New York state income tax; includes New York City resident tax $3,053 (inside city limits).
Chicago vs New York: key facts
- Median rent
- $1,469 → $1,851/mo
- Median home value
- $339,700 → $648,800
- Median household income
- $90,770 → $99,852
- Price level (U.S. = 100)
- 103.6 → 112.6
- Natural hazard risk (FEMA)
- Among the highest (97.1 → 96.8 of 100)
Chicago vs New York cost of living
The vertical line marks the U.S. average (100).
| Measure | Chicago, IL | New York, NY |
|---|---|---|
| Overall price level (U.S. = 100) | 103.6 | 112.6 |
| Median rent | $1,469 | $1,851 |
| Income to rent affordably (30%) | $58,760 | $74,040 |
| Median home value | $339,700 | $648,800 |
| Monthly cost to own (20% down) | $2,453 | $4,377 |
| Income needed to buy | $105,125 | $187,587 |
| Median property tax | $6,461 | $9,973 |
| State income tax on $90,000 | $4,310 | $4,270 |
| City income tax (inside city limits) | None | $3,053 |
| Metro population | 9,406,924 | 19,940,274 |
Metro-area figures (Census ACS 2024, BEA 2024). Taxes use each metro's principal state, plus the income tax the principal city charges its residents. Commuters who live elsewhere often pay a nonresident rate, and many suburbs levy their own local tax, so unticking a city's box in the calculator estimates a typical suburban rate for it instead.
- New York, NY: New York City residents pay a city income tax of 3.078%–3.876% on New York taxable income (brackets set in law, not indexed). The tax follows where you live, not where you work: people who live outside the five boroughs don't pay it, even when they commute into the city (New York City government employees are the exception). Yonkers, in Westchester County, has its own resident and nonresident taxes. Take-home figures include the resident tax.
Your yearly budget: Chicago vs New York
On a $90,000 salary, taxes, housing, electricity, one car and health insurance for one adult come to $52,355 a year in Chicago and $63,166 in New York if you rent: $10,811 more after the move. If you buy the median home, they come to $64,162 and $93,478 ($29,316 more).
Your yearly budget, before vs after
| Yearly cost | ChicagoBefore | New YorkAfter | Change |
|---|---|---|---|
| Income and payroll taxes on $90,000, single filer | $22,165 | $25,567 | +$3,402 |
| Electricity state average bill | $1,320 | $1,674 | +$354 |
| Car insurance one car, state average | $1,153 | $1,753 | +$600 |
| Gas 12,000 miles at 25 mpg | $2,337 | $2,156 | -$181 |
| Health insurance one adult, age 40, own plan before subsidies | $7,752 | $9,804 | +$2,052 |
| If you rent | |||
| Rent median, 12 months | $17,628 | $22,212 | +$4,584 |
| Total if you rent | $52,355 | $63,166 | +$10,811 |
| If you buy the median home (20% down) | |||
| Mortgage payment median home, 20% down, 6.95% | $21,587 | $41,229 | +$19,642 |
| Property tax median home | $6,461 | $9,973 | +$3,512 |
| Homeowners insurance state median, with a mortgage | $1,387 | $1,322 | -$65 |
| Total if you buy | $64,162 | $93,478 | +$29,316 |
Taxes: 2026 federal and state rules, plus the principal city's resident income tax where it has one, standard deduction. Rent, home value and property tax: Census ACS 2024 metro-area medians. Mortgage: Freddie Mac 30-year average (6.95%, week of September 17, 2026).
State figures for the principal state: EIA 2024 average residential power bill, NAIC 2023 auto insurance (average per car), Census ACS 2024 homeowners insurance (median for owners with a mortgage; premiums have risen since), AAA regular gas on September 23, 2026, and the KFF 2026 benchmark silver Marketplace premium. Job-based health coverage usually costs you less, and in 2026 incomes between 100% and 400% of the federal poverty level can get a premium tax credit.
Not included: sales tax (combined state and local rates are not in our data yet), food, car payments and other spending.
Child care is not in the totals. Full-time center care for one infant averages $19,807 a year in Chicago and $20,439 in New York (Child Care Aware of America, 2024 state averages).
Who moves from Chicago to New York
About 4,600 households (5,644 people) moved from the Chicago metro area to the New York metro area in 2022–2023, making New York the #1 destination for people leaving Chicago among the 149 metro areas we cover. 3,703 households moved the other way. Their average adjusted gross income was $136,599.
Cost to move from Chicago to New York
| Moving method (2–3 bedrooms) | Typical range |
|---|---|
| Rental truck (DIY) | $650–$2,530 |
| Moving container | $1,470–$3,450 |
| Full-service movers | $2,390–$8,980 |
Shipping a car instead of driving
Car shipping: $820–$1,220
Shipping a sedan from Chicago to New York on an open carrier costs about $820–$1,220, typically 3–7 days in transit over about 840 miles.
Modeled from 32 published 2026 route prices (SGT Auto Transport 'Ship a Car to Another State' sample routes, SGT Auto Transport cost calculator sample routes) plus published Hawaii and Alaska rates. SUVs cost about 25% more and enclosed carriers about 35% more. Not a quote.
Natural hazard risk: Chicago vs New York
FEMA's National Risk Index rates the Chicago area among the highest (score 97.1) and the New York area among the highest (score 96.8), on a 0–100 national percentile scale. Expected yearly losses from natural hazards average $443 vs $227 per resident.
The vertical line marks the middle of U.S. counties (50).
The vertical line marks the middle of U.S. counties (50).
Frequently asked questions
Is New York cheaper than Chicago?
Overall prices in the New York area are 8.7% higher than in Chicago (BEA Regional Price Parities 2024). Median rent is $1,851 vs $1,469 a month, and the median home is $648,800 vs $339,700.
What salary do I need in New York to match $100,000 in Chicago?
About $117,300, after 2026 federal taxes and local prices. Uses Illinois and New York state income tax.
How much does it cost to move from Chicago to New York?
For a 2–3 bedroom home over about 840 miles: roughly $650–$2,530 with a rental truck, $1,470–$3,450 with a container, or $2,390–$8,980 with full-service movers.
How many people move from Chicago to New York?
IRS county migration data for 2022–2023 show about 4,600 households (5,644 people) moved from the Chicago metro area to the New York metro area, and 3,703 moved the other way.
Related
Where people from Chicago move
- Chicago to Phoenix 3,626 households
- Chicago to Dallas 3,289 households
- Chicago to Los Angeles 3,248 households
- Chicago to Milwaukee 2,294 households
- Chicago to Miami 2,294 households
- Chicago to Indianapolis 2,181 households
- Chicago to Denver 2,160 households
- Chicago to Houston 2,107 households