Can I Afford to Live in Chicago vs New York on $80K?
Here's how a $80K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.
Monthly budget breakdown
| Expense | Chicago IL | New York NY |
|---|---|---|
| Monthly take-home (est.) | $4,730 | $4,597 |
| 1BR rent | $1,900 | $3,500 |
| Groceries (est.) | $388 | $437 |
| Transport (est.) | $105 | $132 |
| Utilities | $165 | $180 |
| Internet | $65 | $75 |
| Left after essentials | $2,107/month | $273/month |
Frequently asked questions
Is $80K a good salary in Chicago?
At $80K/year in Chicago, your estimated monthly take-home is $4,730. With 1BR rent around $1,900/month, rent takes up 40% of your take-home. That's considered tight.
Is $80K a good salary in New York?
At $80K/year in New York, your estimated monthly take-home is $4,597. With 1BR rent around $3,500/month, rent takes up 76% of your take-home. That's considered difficult.
Which city is more affordable on a $80K salary?
Chicago leaves you with more money after core expenses — $2,107/month vs $273/month in New York.
Can I afford to live alone in Chicago on $80K?
It's tight. Rent in Chicago would take 40% of your $80K take-home pay. You may need to find roommates or look at studios to stay within the 30% rule.
See the full cost-of-living comparison
Rent, groceries, taxes, transportation, and more — side by side.
Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only