Chicago, IL · Miami, FL

Cost of Living: Chicago vs Miami

Living in Chicago, IL costs 9.3% less than in Miami, FL: a $100,000 salary in Chicago, IL buys what $110,194 buys in Miami, FL, based on BEA regional price parities for 2024.

Advertisement

Chicago vs Miami: prices, pay and housing

Chicago, ILMiami, FL
BEA price parity (U.S. = 100)103.6114.2
Average salary, all jobs$73,380$67,190
Median salary, all jobs$54,720$48,640
Average salary adjusted for prices$70,834$58,859
Take-home on the average salary*$56,962$56,098
Typical home value$353,998$475,622
Median household income$88,850$73,481
Home price / household income4.06.5
Metro population9,359,5556,138,876

*Single filer, federal and state income tax and FICA (2026 rules); city income taxes included where we model them.

Compare with another city or state

Equivalent salary: Chicago to Miami

To keep the same standard of living when moving from Chicago to Miami, multiply your salary by 1.102.

Salary in ChicagoSame buying power in Miami
$50,000 in Chicago$55,097 in Miami
$75,000 in Chicago$82,645 in Miami
$100,000 in Chicago$110,194 in Miami
$150,000 in Chicago$165,290 in Miami
$200,000 in Chicago$220,387 in Miami

Salaries for common jobs in Chicago and Miami

JobChicagoMiamiAdjusted for prices
Retail Salespersons$39,370$36,820$38,004 / $32,254
General and Operations Managers$143,740$131,240$138,752 / $114,966
Customer Service Representatives$49,800$43,680$48,072 / $38,264
Registered Nurses$97,930$94,990$94,532 / $83,211
Office Clerks, General$49,620$46,750$47,898 / $40,953
Waiters and Waitresses$35,650$41,120$34,413 / $36,021
Fast Food and Counter Workers$34,690$31,770$33,486 / $27,831
Cashiers$35,760$32,520$34,519 / $28,488
Laborers and Freight, Stock, and Material Movers, Hand$43,140$40,750$41,643 / $35,697
Stockers and Order Fillers$40,700$38,240$39,288 / $33,498
Janitors and Cleaners, Except Maids and Housekeeping Cleaners$41,400$34,940$39,963 / $30,608
Security Guards$44,360$37,900$42,821 / $33,200
Cooks, Restaurant$40,450$38,300$39,046 / $33,551
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive$54,630$48,550$52,734 / $42,530
Maintenance and Repair Workers, General$58,910$49,670$56,866 / $43,511
Advertisement

Average salary vs. price-adjusted salary

Adjusted = average salary divided by the BEA price parity: what it buys in a typical U.S. metro.

More cost of living comparisons

Go deeper

Chicago vs Miami: questions

Is Chicago more expensive than Miami?

No. BEA prices are 103.6 in Chicago, IL and 114.2 in Miami, FL (U.S. = 100).

What salary do I need in Miami to match $100,000 in Chicago?

About $110,194, before taxes.

Where do salaries go further, Chicago or Miami?

Chicago, IL: once prices are counted, its average salary buys more.

Sources and how to read this page

Read the full methodology. Spotted an error? Tell us.