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Illinois vs New York: prices, pay and taxes
| Illinois | New York | |
|---|---|---|
| BEA price parity (U.S. = 100) | 100.0 | 107.9 |
| Average salary, all jobs | $71,130 | $82,460 |
| Average salary adjusted for prices | $71,160 | $76,408 |
| Take-home on $100,000* | $74,371 | $74,228 |
| Median household income | $81,702 | $84,578 |
| State income tax on wages | Yes | Yes |
| Population | 12,692,653 | 19,872,319 |
*Single filer, federal and state income tax and FICA, 2026 rules, no city or county taxes.
Compare with another state or city
Cost of living in Illinois cities
| City | Price parity | Average salary | Home value |
|---|---|---|---|
| Chicago | 103.6 | $73,380 | $353,998 |
| Peoria | 91.2 | $68,130 | $172,742 |
| Rockford | 92.2 | $61,020 | $221,368 |
| Champaign | 92.7 | $68,290 | $237,290 |
| Springfield | 92.7 | $69,800 | $200,409 |
| Bloomington | 93.5 | $70,010 | $260,134 |
Cost of living in New York cities
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Sources and how to read this page
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. State average: all occupations, employment-weighted over the state's metro and nonmetro areas.
- Taxes: single filer with the standard deduction; federal income tax with 2026 brackets (IRS Revenue Procedure 2025-32), Social Security 6.2% up to $184,500 and Medicare 1.45% (+0.9% above $200,000), and each state's 2026 rules as published by its revenue department.
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