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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to St Louis is a financial step down — higher costs without proportional income gain.
St Louis has a cost index of 89 vs 111 for Chicago. St Louis is 22 points cheaper overall. Monthly rent goes from $2,292 to $1,326 (-42%).
If you earn the Chicago median of $75,134, you would need approximately $60,243/year in St Louis to maintain equivalent purchasing power, based on the cost index difference of 22 points (20%).
Median rent in Chicago is $2,292/month. In St Louis it is $1,326/month — a difference of $966 per month, or $11,592 per year.
Moving to St Louis is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $60,243/year in St Louis. The median income there is $55,279.
Estimated monthly essentials total $4,390 in Chicago vs $3,046 in St Louis — a difference of $1,344/month ($16,128/year).
The median home price in St Louis is $179,917 vs $312,457 in Chicago. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $910 in St Louis vs $1,580 in Chicago.