Median rent is 41% lower in Chicago ($1,380/mo vs $2,334/mo). Buying is cheaper in Chicago, where the median home runs $315,200 versus $660,100. Households earn more in Boca Raton ($102,722 vs $75,134 a year).
City A
Boca Raton, FL
City B
Chicago, IL
How much would you need to earn in Chicago, IL to maintain your standard of living from Boca Raton, FL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Boca Raton
Florida
Chicago
Illinois
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Chicago — median rent of $1,380/mo versus $2,334/mo in Boca Raton, a 41% difference. Home buyers face a steeper market in Boca Raton: the median home is $660,100 versus $315,200 in Chicago — 52% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Florida has no state income tax, while Illinois tops out at 4.95% — giving Boca Raton a clear advantage for high earners. Sales tax is 6.00% in Florida and 6.25% in Illinois; Boca Raton has the lower rate (local add-ons may apply in both).
Boca Raton
Income tax: None
Sales tax: 6.00%
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Boca Raton.
Pick Boca Raton if you prioritize higher median household income ($102,722/yr).
Pick Chicago if you prioritize cheaper rent ($1,380/mo median).
Pick Boca Raton if you prioritize no state income tax.
Is Boca Raton cheaper than Chicago?
Cost of living index data is not yet available for one or both cities.
How much is rent in Boca Raton vs Chicago?
Median rent is $2,334/mo in Boca Raton, FL and $1,380/mo in Chicago, IL. Chicago, IL has the lower rent by about 41%.
Which has higher salaries — Boca Raton or Chicago?
Median household income is $102,722 in Boca Raton, FL and $75,134 in Chicago, IL. Boca Raton, FL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Boca Raton or Chicago?
Florida has no state income tax. Illinois has a top rate of 4.95%.
What salary do I need in Chicago to match my Boca Raton income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology