Illinois
High tax burden · COL index 92
Wins 6 categories
New York
Very High tax burden · COL index 139
Wins 7 categories
New York's top income tax rate is 10.9% vs Illinois's 4.95%. Cost of living in New York (index 139) runs 51% higher than Illinois (index 92). Property taxes are meaningfully different: Illinois averages 1.73% annually vs New York's 1.4%. The median home in New York costs $470K vs $275K in Illinois.
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Category wins
6
Illinois
7
New York
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Overall cost of living in New York, NY is 103.1% higher than in Chicago, IL. The average listing price for a home in New York, NY is $3,020,778, which is 386.3% higher than Chicago, IL. The average cost of groceries in New York, NY is 12.7% higher than Chicago, IL.