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New York

Very High tax burden · COL index 139

Wins 6 categories

VS

Illinois

High tax burden · COL index 92

Wins 6 categories

New York's top income tax rate is 10.9% vs Illinois's 4.95%. Cost of living in New York (index 139) runs 51% higher than Illinois (index 92). Property taxes are meaningfully different: Illinois averages 1.73% annually vs New York's 1.4%. The median home in New York costs $470K vs $275K in Illinois.

New York
Illinois

Taxes

10.9%
Income Tax (top rate)
4.95%
1.4%/yr
Property Tax Rate
1.73%/yr
8.52%
Sales Tax (avg)
8.82%
Yes
Social Security Tax
Yes
No
Estate Tax
No
As income
Capital Gains Tax
As income

Housing & Cost of Living

139
COL Index (100=avg)
92
$470K
Median Home Price
$275K
$2,200/mo
Median Rent (2BR/mo)
$1,400/mo
$2K/yr
Home Insurance (avg/yr)
$2K/yr

Crime & Safety

379
Violent Crime / 100K
413
1,480
Property Crime / 100K
1,666

Healthcare

#15 of 50
Healthcare Quality Rank
#20 of 50
79.3 yrs
Life Expectancy
77.2 yrs
5.4%
Uninsured Rate
7.4%
Yes
Medicaid Expansion
Yes

Education

#12 of 50
K-12 Quality Rank
#16 of 50
No
School Choice / Vouchers
No

Childcare

$2,050/mo
Avg Infant Care / mo
$1,650/mo

Utilities & Daily Costs

$175/mo
Avg Energy Bill / mo
$145/mo
$650/mo
Avg Groceries / mo
$510/mo
#48 of 50
Road Quality Rank
#40 of 50

Social Policy

A
Gun Laws Grade
A
D+12.0
2024 Presidential Margin
D+14.0

Category wins

6

New York

6

Illinois

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People Also Ask

Is it cheaper to live in Illinois or New York?

Chicago offers a more affordable cost of living, with housing costs significantly lower than NYC, and a vibrant local culture. In contrast, NYC boasts unparalleled career opportunities, especially in finance and tech, but at a higher cost of living.

Is $70,000 a good salary in New York?

In New York, the median income for non-family households is $59,947, so a single person living alone might be able to live comfortably on $70,000 a year. However, a couple with two kids may need to earn closer to $200,000 a year to cover expenses.

Is $1000 enough for 4 days in New York?

Which is cleaner, NYC or Chicago?

Chicago is NYC but cleaner, more spacious, and more affordable. Change my mind. A clean, well planned city that is affordable is rare which is why Chicago stands out.

Full New York Profile →Full Illinois Profile →

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My Property Is Worth

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Tax burden ↓$1M$50M+

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Prefer LegalNeutralPrefer Prohibition

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Young areaRetirement-heavy

Dating Market

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Singles sceneFamily community