Median rent is 13% lower in Chicago ($1,440/mo vs $1,658/mo). Buying is cheaper in Chicago, where the median home runs $334,100 versus $361,300. Households earn more in Chicago ($77,902 vs $66,381 a year). Taken together, Clearwater is the more affordable choice with a cost index of 102.5 against 102.5 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Chicago, IL.
City A
Chicago, IL
City B
Clearwater, FL
How much would you need to earn in Clearwater, FL to maintain your standard of living from Chicago, IL?
Equivalent salary in Clearwater, FL
$74,990
You could earn $10 less (0% lower) and break even.
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
Chicago
Illinois
Clearwater
Florida
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
Median rent is modestly lower in Chicago at $1,440/mo compared to $1,658/mo in Clearwater (13% gap). Median home values are within 8% of each other: $334,100 in Chicago and $361,300 in Clearwater.
Metric
Chicago
Clearwater
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.
Chicago
Income tax: N/A
Sales tax: N/A
Clearwater
Income tax: N/A
Sales tax: N/A
Air quality data is available for Chicago (avg AQI 31.0) but not yet for Clearwater.
Pick Chicago if you prioritize higher median household income ($77,902/yr).
Pick Chicago if you prioritize cheaper rent ($1,440/mo median).
Clearwater is cheaper overall, with a cost of living index of 102.5 versus 102.5 (US average = 100). That means prices run about 0% lower in Clearwater.
Median rent is $1,440/mo in Chicago, IL and $1,658/mo in Clearwater, FL. Chicago, IL has the lower rent by about 13%.
Median household income is $77,902 in Chicago, IL and $66,381 in Clearwater, FL. Chicago, IL 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.
To maintain the same purchasing power, a salary of $100,000 in Chicago, IL is equivalent to roughly $99,987 in Clearwater, FL (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
