Chicago, IL vs Miami, FL: Cost of Living
Compare the cost of living between Chicago, IL and Miami, FL. See the equivalent salary and median rent powered by BLS Regional Price Parities.
Chicago, IL
IL
- Overall RPP (US=100)
- 105.7
- Housing RPP
- 110.9
- Goods RPP
- 106.7
- 2-BR median rent
- $1,714/mo
Illinois flat income tax 4.95%. Chicago city tax adds ~2.25% effective burden.
Miami, FL
FL
- Overall RPP (US=100)
- 111.5
- Housing RPP
- 147.3
- Goods RPP
- 104.7
- 2-BR median rent
- $2,324/mo
Florida has no state income tax. Very attractive vs. high-tax states.
Equivalent salary
Miami, FL is more expensive than Chicago, IL by about 5.5% (RPP 105.7 to 111.5).
$60,000 in Chicago, IL
-> $63,292
in Miami, FL
$100,000 in Chicago, IL
-> $105,487
in Miami, FL
$150,000 in Chicago, IL
-> $158,231
in Miami, FL
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
Frequently asked questions
- Is Miami, FL cheaper or more expensive than Chicago, IL?
- Miami, FL (RPP 111.5) is more expensive than Chicago, IL (RPP 105.7) by about 5.5%.
- What salary do I need in Miami, FL if I earn $100,000 in Chicago, IL?
- You would need approximately $105,487 in Miami, FL to maintain the same purchasing power as $100,000 in Chicago, IL. Formula: $100,000 x (111.5 / 105.7).