Median rent is 6% lower in Chicago ($1,380/mo vs $1,465/mo). Buying is cheaper in Carol Stream, where the median home runs $308,700 versus $315,200. Households earn more in Carol Stream ($105,395 vs $75,134 a year).
City A
Carol Stream, IL
City B
Chicago, IL
How much would you need to earn in Chicago, IL to maintain your standard of living from Carol Stream, IL?
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
Carol Stream
Illinois
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
Median rent is modestly lower in Chicago at $1,380/mo compared to $1,465/mo in Carol Stream (6% gap). Median home values are within 2% of each other: $308,700 in Carol Stream and $315,200 in Chicago.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Illinois's top income tax rate is 4.95% versus 4.95% in Illinois, so Chicago is more tax-friendly for high earners. Sales tax is 6.25% in Illinois and 6.25% in Illinois; Chicago has the lower rate (local add-ons may apply in both).
Carol Stream
Income tax: 4.95%
Sales tax: 6.25%
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Carol Stream.
Pick Carol Stream if you prioritize higher median household income ($105,395/yr).
Is Carol Stream cheaper than Chicago?
Cost of living index data is not yet available for one or both cities.
How much is rent in Carol Stream vs Chicago?
Median rent is $1,465/mo in Carol Stream, IL and $1,380/mo in Chicago, IL. Chicago, IL has the lower rent by about 6%.
Which has higher salaries — Carol Stream or Chicago?
Median household income is $105,395 in Carol Stream, IL and $75,134 in Chicago, IL. Carol Stream, IL 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 — Carol Stream or Chicago?
Illinois's top income tax rate is 4.95% and Illinois's is 4.95%. Chicago, IL has the lower rate.
What salary do I need in Chicago to match my Carol Stream 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