Median rent is 25% lower in Chicago ($1,440/mo vs $1,931/mo). Buying is cheaper in Chicago, where the median home runs $334,100 versus $492,500. Households earn more in Cherry Hill ($122,447 vs $77,902 a year).
City A
Cherry Hill, VA
City B
Chicago, IL
How much would you need to earn in Chicago, IL to maintain your standard of living from Cherry Hill, 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 metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Cherry Hill
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: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Chicago — median rent of $1,440/mo versus $1,931/mo in Cherry Hill, a 25% difference. Home buyers face a steeper market in Cherry Hill: the median home is $492,500 versus $334,100 in Chicago — 32% more expensive.
Metric
Cherry Hill
Chicago
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Cherry Hill
Income tax: N/A
Sales tax: N/A
Chicago
Income tax: N/A
Sales tax: N/A
Air quality data is available for Chicago (avg AQI 31.0) but not yet for Cherry Hill.
Pick Cherry Hill if you prioritize higher median household income ($122,447/yr).
Pick Chicago if you prioritize cheaper rent ($1,440/mo median).
Cost of living index data is not yet available for one or both cities.
Median rent is $1,931/mo in Cherry Hill, VA and $1,440/mo in Chicago, IL. Chicago, IL has the lower rent by about 25%.
Median household income is $122,447 in Cherry Hill, VA and $77,902 in Chicago, IL. Cherry Hill, VA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
