Chicago, IL vs Phoenix, AZ
Cost of Living Comparison
⚖️
Equivalent Salary
$100,000 in Chicago, IL = $102,893 in Phoenix, AZ
Buying power is 2.9% higher in Phoenix, AZ
Median Rent
$1,380 vs $1,458
5.7% higher in Phoenix, AZ
Median Income
$75,134 vs $77,041
2.5% higher in Phoenix, AZ
Home Value
$315,200 vs $381,900
21.2% higher in Phoenix, AZ
Price Level
102.6 vs 105.5
US avg = 100
Salary Needed for Median Rent
$55,200 vs $58,300
30% of gross income guideline
Rent as % of Income
22.0% vs 22.7%
Lower is more affordable