Is Illinois Cheaper Than New York?

You would need around 9,156.16$ in New York, NY to maintain the same standard of life that you can have with 6,100.00$ in Chicago, IL (assuming you rent in both cities).
Cost of Living Comparison Between Chicago, IL and New York, NY.

Is it cheaper to live in Illinois or New York?

Cost of Living
In addition, in Chicago utility prices are actually 10% lower than the standard, whereas in New York, they are 25% higher. The average cost of groceries and transportation is also more expensive in New York than in Chicago. But the biggest difference is housing.

Is New York or Chicago cheaper?

The cost of living in Chicago, IL is -36.3% lower than in New York, NY. You would have to earn a salary of $38,235 to maintain your current standard of living. Employers in Chicago, IL typically pay -11.8% less than employers in New York, NY.

Is Illinois a cheap state?

Average Cost of Living in Illinois: $43,981 per year
Illinois enjoyed the ninth lowest cost of living in the United States for the third quarter of 2021, according to the Missouri Economic Research and Information Center (MERIC ).

Is Illinois expensive to live in?

The cost of living in Illinois is 6% lower than the national average. Housing is 14% lower than the national average, while utilities are 4% lower. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower.

What state is the cheapest to live in?

Mississippi
Mississippi
Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

Which city is more expensive than New York?

New York City’s Manhattan borough is the most costly place to live, followed by Honolulu and San Francisco. Oakland, Calif., rounds out the top 10 list of most expensive cities in the U.S. There are a number of factors that contribute to the high cost of living in major cities, including housing and taxes.

Is New York cheaper than Texas?

Besides affordable housing, you can enjoy the same standard of living in Texas for a lot less than it would cost in New York. The Big Apple has the fifth-highest cost of living index (133.7) in the country, and groceries, utilities, and transportation are all above the Texas average of 91.5 and a U.S. average of 100.

Is cost of living higher in Chicago or New York?

The cost of living in Chicago is 33% less expensive than in New York City. Cities ranked 203rd and 2nd ($2384 vs $3563) in the list of the most expensive cities in the world and ranked 156th and 1st in the United States.

Is Chicago cleaner than NYC?

Chicago has a pretty strong national reputation for being a very clean city. Unlike New York – where trash is put on the curb – Chicago is a city of alleys, so trash and debris is placed out of view. Trash is regularly picked up and streets are regularly swept.

Is moving to Illinois a good idea?

Not only is Illinois a good state to live in, but it has actually been ranked as the 21st best place to live in the country. With a population of over 12.67 million people, Illinois is attracting thousands of young professionals, families, and retirees to the area every year.

Is Illinois a rich or poor state?

GDP, or gross domestic product, is a reflection of each state’s economy. The GDP refers to the state’s overall distribution of goods. The GDP of the U.S. is $21.7 million.
Richest States 2022.

Why are houses in Illinois so cheap?

As a result, residents find a new state with more economic opportunities. Population loss is the main reason Illinois homes prices grew at lower rates compared to the rest of the country.

Is rent expensive in Illinois?

A one-bedroom apartment, up 11 percent over last year, has an average rent of $1,947. A two-bedroom apartment, up only 12 percent over last year, has an average rent of $2,597. That’s the most expensive yet by far.

What is a good salary in Illinois?

Avg. Base Salary (USD)
State Of Illinois pays an average salary of $74,750 and salaries range from a low of $64,910 to a high of $86,014.

Where is it cheapest to live in Illinois?

The 25 cheapest places to live in Illinois

What’s the most expensive state to live?

Life in paradise comes at a high price, as Hawaii is by far the most expensive state to live on our list, with an index of 189.9. Nowhere is housing more expensive, which is through the roof in Hawaii at twice the national average.

What is the best state to live in financially?

Researchers at the personal finance publication ranked the 50 states based on scores in five categories: affordability, economy, education and health, quality of life, and safety. Massachusetts topped 2022’s list, touting a score of 62.65 out of 100. New Jersey came in second, dropping from the top spot last year.

What state is the highest cost of living?

Hawaii
1. Hawaii. With a cost of living index score of 189.9 Hawaii is the most expensive state to live in right now. Groceries alone are 50 percent more expensive than the country’s average though poverty remains low.

Where is the highest rent in the US?

These are the states with the highest one-bedroom rent estimates as of October 2022, according to Apartment List: Hawaii ($1,718) New York ($1,678) California ($1,658)

Is NY The most expensive state?

7 in the most expensive state for household bills. On average, residents of New York spend $2,361 per month on the 10 most common household bills, 17.9% higher than the national average of $2,003.
New York No. 7 most expensive state for household bills.