Median rent is 2% lower in Chicago ($1,380/mo vs $1,405/mo). Buying is cheaper in Chicago, where the median home runs $315,200 versus $439,000. Households earn more in Orem ($81,292 vs $75,134 a year). Taken together, Orem is the more affordable choice with a cost index of 87.3 against 105.7 — about 17% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Orem, UT.
Quick verdict
Orem is 17% cheaper overall
Cost index: 87.3 in Orem vs 105.7 in Chicago (US average = 100)
City A
Chicago, IL
City B
Orem, UT
How much would you need to earn in Orem, UT to maintain your standard of living from Chicago, IL?
Equivalent salary in Orem, UT
$61,953
You could earn $13,047 less (17% lower) and break even.
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
Orem
Utah
👥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 rents are similar in both cities: $1,380/mo in Chicago and $1,405/mo in Orem. Home buyers face a steeper market in Orem: the median home is $439,000 versus $315,200 in Chicago — 28% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Illinois's top income tax rate is 4.95% versus 4.65% in Utah, so Orem is more tax-friendly for high earners. Sales tax is 6.25% in Illinois and 4.85% in Utah; Orem has the lower rate (local add-ons may apply in both).
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Orem
Income tax: 4.65%
Sales tax: 4.85%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Orem.
Pick Orem if you prioritize lower overall cost of living (index 87.3 vs 105.7).
Pick Orem if you prioritize higher median household income ($81,292/yr).
Pick Orem if you prioritize lower state income tax (4.65%).
Is Chicago cheaper than Orem?
Orem is cheaper overall, with a cost of living index of 87.3 versus 105.7 (US average = 100). That means prices run about 17% lower in Orem.
How much is rent in Chicago vs Orem?
Median rent is $1,380/mo in Chicago, IL and $1,405/mo in Orem, UT. Chicago, IL has the lower rent by about 2%.
Which has higher salaries — Chicago or Orem?
Median household income is $75,134 in Chicago, IL and $81,292 in Orem, UT. Orem, UT 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 Orem?
Illinois's top income tax rate is 4.95% and Utah's is 4.65%. Orem, UT has the lower rate.
What salary do I need in Orem to match my Chicago income?
To maintain the same purchasing power, a salary of $100,000 in Chicago, IL is equivalent to roughly $82,605 in Orem, UT (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology