Median rent is 11% lower in Cave Spring ($1,224/mo vs $1,380/mo). Buying is cheaper in Cave Spring, where the median home runs $296,700 versus $315,200. Households earn more in Cave Spring ($85,314 vs $75,134 a year).
City A
Cave Spring, VA
City B
Chicago, IL
How much would you need to earn in Chicago, IL to maintain your standard of living from Cave Spring, VA?
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
Cave Spring
Virginia
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 Cave Spring at $1,224/mo compared to $1,380/mo in Chicago (11% gap). Median home values are within 6% of each other: $296,700 in Cave Spring and $315,200 in Chicago.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Virginia's top income tax rate is 5.75% versus 4.95% in Illinois, so Chicago is more tax-friendly for high earners. Sales tax is 5.30% in Virginia and 6.25% in Illinois; Cave Spring has the lower rate (local add-ons may apply in both).
Cave Spring
Income tax: 5.75%
Sales tax: 5.30%
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Cave Spring.
Pick Cave Spring if you prioritize higher median household income ($85,314/yr).
Pick Cave Spring if you prioritize cheaper rent ($1,224/mo median).
Pick Chicago if you prioritize lower state income tax (4.95%).
Is Cave Spring cheaper than Chicago?
Cost of living index data is not yet available for one or both cities.
How much is rent in Cave Spring vs Chicago?
Median rent is $1,224/mo in Cave Spring, VA and $1,380/mo in Chicago, IL. Cave Spring, VA has the lower rent by about 11%.
Which has higher salaries — Cave Spring or Chicago?
Median household income is $85,314 in Cave Spring, VA and $75,134 in Chicago, IL. Cave Spring, VA 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 — Cave Spring or Chicago?
Virginia's top income tax rate is 5.75% and Illinois's is 4.95%. Chicago, IL has the lower rate.
What salary do I need in Chicago to match my Cave Spring 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