Median rent is 31% lower in Chicago ($1,380/mo vs $2,011/mo). Buying is cheaper in Coconut Creek, where the median home runs $291,000 versus $315,200. Households earn more in Coconut Creek ($75,516 vs $75,134 a year).
City A
Chicago, IL
City B
Coconut Creek, FL
How much would you need to earn in Coconut Creek, FL to maintain your standard of living from Chicago, 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
Chicago
Illinois
Coconut Creek
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: 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 $2,011/mo in Coconut Creek, a 31% difference. Median home values are within 8% of each other: $315,200 in Chicago and $291,000 in Coconut Creek.
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 Coconut Creek a clear advantage for high earners. Sales tax is 6.25% in Illinois and 6.00% in Florida; Coconut Creek has the lower rate (local add-ons may apply in both).
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Coconut Creek
Income tax: None
Sales tax: 6.00%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Coconut Creek.
Pick Chicago if you prioritize cheaper rent ($1,380/mo median).
Pick Coconut Creek if you prioritize no state income tax.
Is Chicago cheaper than Coconut Creek?
Cost of living index data is not yet available for one or both cities.
How much is rent in Chicago vs Coconut Creek?
Median rent is $1,380/mo in Chicago, IL and $2,011/mo in Coconut Creek, FL. Chicago, IL has the lower rent by about 31%.
Which has higher salaries — Chicago or Coconut Creek?
Median household income is $75,134 in Chicago, IL and $75,516 in Coconut Creek, FL. Coconut Creek, 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 — Chicago or Coconut Creek?
Florida has no state income tax. Illinois has a top rate of 4.95%.
What salary do I need in Coconut Creek to match my Chicago 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