CostIndexUSA

Chicago, IL vs Mount Vernon, WA Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

IL
Chicago
103.6
overall index
$2,100/mo rent
More AffordableWA
Mount Vernon
102.4
overall index
$2,125/mo rent

Mount Vernon is slightly cheaper than Chicago — 1.2% lower overall cost of living.

To match an $80,000 salary in Chicago, you would need $79,100 in Mount Vernon. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing3.4%
Chicago
112
Mount Vernon
108.2
🛒 Groceries2.1%
Chicago
107.3
Mount Vernon
105
🚗 Transportation1.0%
Chicago
105.5
Mount Vernon
104.4
🏥 Healthcare1.0%
Chicago
95.5
Mount Vernon
94.5
Utilities+14.8%
Chicago
83.6
Mount Vernon
96

Salary Equivalency Calculator

Enter your current salary in Chicago to see what you'd need to earn in Mount Vernon to maintain the same purchasing power.

$
Equivalent salary in Mount Vernon, WA
$79,100
$900 less needed in Mount Vernon

Formula: salary × (102.4 ÷ 103.6) = salary × 0.9884. Based on BEA Regional Price Parities.

Housing Market

Chicago, IL

Median Home Price
$334,000
Median Monthly Rent
$2,100
Housing Index
112
Price-to-Rent Ratio
13.3×

Mount Vernon, WA

Median Home Price
$567,000
Median Monthly Rent
$2,125
Housing Index
108.2
Price-to-Rent Ratio
22.2×

Chicago has 3.4% lower housing costs compared to Mount Vernon.

Income & Job Market

Chicago, IL

Median Household Income
$87,100
Per Capita Income
$49,600
Unemployment Rate
4.9%
Population
2,693,976
Top Industries
FinanceHealthcareManufacturingTechnologyRetail

Mount Vernon, WA

Median Household Income
$91,200
Per Capita Income
$52,000
Unemployment Rate
4.4%
Population
36,727
Top Industries
AgricultureHealthcareManufacturingRetailTourism

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Chicago, IL
3.5×income-to-rent ratio

71% of income left after rent (median)

Mount Vernon, WA
3.6×income-to-rent ratio

72% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.