Cost of Living: Waterbury, CT vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,108/mo in Waterbury, CT versus $4,227/mo in Chicago, IL. In the model, rent is about 17.19% of gross in Waterbury, CT versus 20.28% in Chicago, IL, so Waterbury, CT tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Waterbury, CT and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Waterbury, CT
- Lower home prices: Chicago, IL
- Higher median household income: Chicago, IL
Cost of Living Index
Waterbury, CT: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Waterbury, CT, so a given salary generally stretches further there.
Median Rent
Waterbury, CT: $1,121/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $202/mo higher than in Waterbury, CT.
Median Home Price
Waterbury, CT: $185,400 · Chicago, IL: $147,800
Median home price in Waterbury, CT is $37,600 higher than in Chicago, IL.
Median Household Income
Waterbury, CT: $51,642 · Chicago, IL: $56,815
Chicago, IL has a higher median household income than Waterbury, CT by $5,173.
Waterbury, CT overview · Chicago, IL overview · Popular comparisons