Median rent is 4% lower in Chicago ($1,380/mo vs $1,439/mo). Buying is cheaper in Palm River-Clair Mel, where the median home runs $244,100 versus $315,200. Households earn more in Chicago ($75,134 vs $62,976 a year).
City A
Chicago, IL
City B
Palm River-Clair Mel, FL
How much would you need to earn in Palm River-Clair Mel, 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
Palm River-Clair Mel
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
Median rents are similar in both cities: $1,380/mo in Chicago and $1,439/mo in Palm River-Clair Mel. Home buyers face a steeper market in Chicago: the median home is $315,200 versus $244,100 in Palm River-Clair Mel — 23% more expensive.
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 Palm River-Clair Mel a clear advantage for high earners. Sales tax is 6.25% in Illinois and 6.00% in Florida; Palm River-Clair Mel has the lower rate (local add-ons may apply in both).
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Palm River-Clair Mel
Income tax: None
Sales tax: 6.00%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Palm River-Clair Mel.
Pick Chicago if you prioritize higher median household income ($75,134/yr).
Pick Palm River-Clair Mel if you prioritize no state income tax.
Is Chicago cheaper than Palm River-Clair Mel?
Cost of living index data is not yet available for one or both cities.
How much is rent in Chicago vs Palm River-Clair Mel?
Median rent is $1,380/mo in Chicago, IL and $1,439/mo in Palm River-Clair Mel, FL. Chicago, IL has the lower rent by about 4%.
Which has higher salaries — Chicago or Palm River-Clair Mel?
Median household income is $75,134 in Chicago, IL and $62,976 in Palm River-Clair Mel, FL. Chicago, IL 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 Palm River-Clair Mel?
Florida has no state income tax. Illinois has a top rate of 4.95%.
What salary do I need in Palm River-Clair Mel 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