Chicago vs Miami: Cost of Living
Miami is about 10% more expensive than Chicago, based on the BEA regional price parity index (U.S. average = 100): Chicago at 103.595, Miami at 114.155.
Cost of living (U.S. avg 100)
Chicago: 103.595
Cost of living (U.S. avg 100)
Miami: 114.155
Salary parity ($100K in Chicago)
$110K in Miami
If you earn $100K in Chicago, you would need about $110K in Miami to keep the same standard of living (price levels only; taxes on your specific income are separate).
Rents: the biggest difference
Chicago
Rent price parity: 112.01 (U.S. average = 100)
Miami
Rent price parity: 155.551 (U.S. average = 100)
What common jobs pay in each city (after tax)
| Occupation | Median (Chicago) | Take-home (Chicago) | Median (Miami) | Take-home (Miami) |
|---|---|---|---|---|
| Software Developer | $134K | $96K | $133K | $102K |
| Data Scientist | $108K | $79K | $127K | $98K |
| Registered Nurse | $100K | $75K | $91K | $73K |
| Accountant | $82K | $63K | $81K | $66K |
| Mechanical Engineer | $102K | $76K | $100K | $79K |
| Marketing Manager | $165K | $116K | $136K | $104K |
| Electrician | $102K | $76K | $59K | $49K |
| Elementary School Teacher | $78K | $60K | $58K | $49K |
| Police Officer | $108K | $79K | $80K | $65K |
| Chef | $61K | $48K | $58K | $49K |
| Financial Analyst | $102K | $75K | $105K | $83K |
| Civil Engineer | $100K | $74K | $84K | $68K |
| Pharmacist | - | - | - | - |
| Physical Therapist | - | - | - | - |
| Dental Hygienist | - | - | - | - |
| Web Developer | - | - | - | - |
| Graphic Designer | - | - | - | - |
| Paralegal | $71K | $55K | $62K | $52K |
| Plumber | - | - | - | - |
| HVAC Technician | $78K | $60K | $58K | $49K |
Taxes at a glance
Take-home assumes a single filer using the standard deduction. Chicago (Illinois state tax), Miami (Florida state tax). A $100K salary nets about $74K in Chicago vs $79K in Miami. Full assumptions: methodology.