Chicago, IL vs Albuquerque, NM: 100 vs 80

$1,380/mo ↑ 27%

Median Rent

$1,085/mo ↓ 21%

$75,134/yr ↑ 15%

Median Income

$65,604/yr ↓ 13%

$315,200 ↑ 18%

Home Value

$266,700 ↓ 15%

$1,502/mo ↑ 31%

Owner Costs

$1,149/mo ↓ 24%

2,707,648

Population

562,488

Detailed Comparison

When comparing Chicago, IL and Albuquerque, NM, the overall cost of living indices are 100 and 80 respectively (national median = 100). Rent is $295/month cheaper in Albuquerque, saving renters about $3,540/year.

Median household income is $9,530/year higher in Chicago. Home values also differ significantly — the median in Chicago is $315,200 compared to $266,700 in Albuquerque.

Illinois has a lower income tax rate, making Chicago slightly more tax-friendly.

Frequently Asked Questions

Chicago vs Albuquerque — common questions

Is Chicago or Albuquerque cheaper to live in?

Based on our cost index, Albuquerque is cheaper to live in with an index of 80 compared to 100 (US average = 100).

What is the rent difference between Chicago and Albuquerque?

Median rent in Chicago is $1,380/month and in Albuquerque it's $1,085/month — a difference of $295/month.

Which city has higher income, Chicago or Albuquerque?

Median household income is $75,134 in Chicago and $65,604 in Albuquerque. Median household income is $9,530/year higher in Chicago.

How do taxes compare between Illinois and New Mexico?

Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax. New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax.

Should I move to Chicago or Albuquerque?

It depends on your priorities. Chicago has a cost index of 100 with median rent of $1,380/mo, while Albuquerque has a cost index of 80 with rent of $1,085/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Chicago, IL vs Albuquerque, NM (2026)

Chicago

Albuquerque

Tax Comparison

Affordability

Detailed Comparison

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