Median rent is 37% lower in Chicago ($1,380/mo vs $2,192/mo). Buying is cheaper in Chicago, where the median home runs $315,200 versus $389,300. Households earn more in Royal Palm Beach ($92,382 vs $75,134 a year).
City A
Chicago, IL
City B
Royal Palm Beach, FL
How much would you need to earn in Royal Palm Beach, 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
Royal Palm Beach
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 $2,192/mo in Royal Palm Beach, a 37% difference. Median home values are within 19% of each other: $315,200 in Chicago and $389,300 in Royal Palm Beach.
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 Royal Palm Beach a clear advantage for high earners. Sales tax is 6.25% in Illinois and 6.00% in Florida; Royal Palm Beach has the lower rate (local add-ons may apply in both).
Chicago
Income tax: 4.95%
Sales tax: 6.25%
Royal Palm Beach
Income tax: None
Sales tax: 6.00%
Air quality data is available for Chicago (avg AQI 21.0) but not yet for Royal Palm Beach.
Pick Royal Palm Beach if you prioritize higher median household income ($92,382/yr).
Pick Chicago if you prioritize cheaper rent ($1,380/mo median).
Pick Royal Palm Beach if you prioritize no state income tax.
Is Chicago cheaper than Royal Palm Beach?
Cost of living index data is not yet available for one or both cities.
How much is rent in Chicago vs Royal Palm Beach?
Median rent is $1,380/mo in Chicago, IL and $2,192/mo in Royal Palm Beach, FL. Chicago, IL has the lower rent by about 37%.
Which has higher salaries — Chicago or Royal Palm Beach?
Median household income is $75,134 in Chicago, IL and $92,382 in Royal Palm Beach, FL. Royal Palm Beach, 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 Royal Palm Beach?
Florida has no state income tax. Illinois has a top rate of 4.95%.
What salary do I need in Royal Palm Beach 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