Cost of Living: Chicago, IL vs Spring Valley, NV (2026)

Chicago

Illinois
100
VS

Spring Valley

Nevada
119

Chicago is 16% cheaper than Spring Valley.

$1,380/mo ↓ 16%
Median Rent
$1,642/mo ↑ 19%
$75,134/yr ↑ 4%
Median Income
$72,364/yr ↓ 4%
$315,200 ↓ 23%
Home Value
$407,900 ↑ 29%
$1,502/mo ↓ 3%
Owner Costs
$1,554/mo ↑ 3%
2,707,648
Population
219,913

Tax Comparison

4.95%
Income Tax
0%
6.25%
State Sales Tax
6.85%
2.07%
Property Tax
0.53%

Affordability

22.0%
rent-to-income
Affordability
27.2%
rent-to-income

Detailed Comparison

When comparing Chicago, IL and Spring Valley, NV, the overall cost of living indices are 100 and 119 respectively (national median = 100). Rent is $262/month cheaper in Chicago, saving renters about $3,144/year.

Median household income is $2,770/year higher in Chicago. Home values also differ significantly — the median in Chicago is $315,200 compared to $407,900 in Spring Valley.

Nevada has no state income tax, giving Spring Valley residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Chicago vs Spring Valley — common questions

Is Chicago or Spring Valley cheaper to live in?
Based on our cost index, Chicago is cheaper to live in with an index of 100 compared to 119 (US average = 100).
What is the rent difference between Chicago and Spring Valley?
Median rent in Chicago is $1,380/month and in Spring Valley it's $1,642/month — a difference of $262/month.
Which city has higher income, Chicago or Spring Valley?
Median household income is $75,134 in Chicago and $72,364 in Spring Valley. Median household income is $2,770/year higher in Chicago.
How do taxes compare between Illinois and Nevada?
Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.
Should I move to Chicago or Spring Valley?
It depends on your priorities. Chicago has a cost index of 100 with median rent of $1,380/mo, while Spring Valley has a cost index of 119 with rent of $1,642/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Chicago details → View Spring Valley details →

More Comparisons

Other cost of living comparisons for Chicago and Spring Valley

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