2026 Relocation & Cost Arbitrage Engine

Relocation: Minneapolis Metro, MN-WI to Chicago Metro, IL-IN

Data updated · Sources: HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Income tax, HUD Fair Market Rents and EPI living costs for a move from Minneapolis-St. Paul-Bloomington, MN-WI to Chicago-Naperville-Elgin, IL-IN.

Popular Corridors:
Equivalent Salary
$108,700
To maintain parity
Cost of Living Delta
+8.7%
Overall expenditure basket
Annual Tax Delta
+$471
State + local taxes
Annual 1BR Rent Delta
+$4,236
HUD Fair Market Rents
Net Annual Buffer
-$3,765/yr
Tax + housing gain

Interactive Purchasing Power Equivalency Workbench

Adjust your current salary at origin to dynamically compute the statutory tax burden, housing costs, and discretionary cash in both markets.

Presets:
$
$30,000 $100,000 $200,000 $300,000
Origin Location

Minneapolis-St. Paul-Bloomington, MN-WI

COL 115.8
Gross Annual Income $100,000
Federal Income Tax -$13,170
FICA (SS & Medicare) -$7,650
State Income Tax -$5,277
Local / City Tax $0
Net Annual Take-Home $73,903
HUD 1BR Fair Market Rent -$17,124
Discretionary Cash Flow $56,779
Target Market
Destination Location

Chicago-Naperville-Elgin, IL-IN

COL 125.8
Gross Parity Income $108,700
Federal Income Tax -$15,084
FICA (SS & Medicare) -$8,316
State Income Tax -$5,236
Local / City Tax $0
Net Annual Take-Home $80,065
HUD 1BR Fair Market Rent -$21,360
Discretionary Cash Flow $58,705

EPI family budgets put living costs 8.7% higher in Chicago-Naperville-Elgin, IL-IN than in Minneapolis-St. Paul-Bloomington, MN-WI, so $100,000 in Minneapolis goes about as far as $108,700 in Chicago. HUD's one-bedroom Fair Market Rent is $1,427 a month in Minneapolis and $1,780 in Chicago, $4,236 a year more. On the same $100,000 salary a single filer pays $471 less a year in federal, state and local income tax and FICA in Chicago. Taxes and one-bedroom rent together leave you about $3,765 a year worse off. The BLS median wage across all occupations is $59,320 in Minneapolis and $54,720 in Chicago.

Itemized Cost of Living Expenditure Arbitrage

Category-by-category breakdown of monthly baseline consumption between origin and destination.

Expenditure Category Minneapolis-St. Paul-Bloomington (Monthly) Chicago-Naperville-Elgin (Monthly) Monthly Delta ($) Difference (%)
Housing (1BR Fair Market Rent)$1,427$1,780+$353+24.7%
Food & Groceries$405$385-$20-4.9%
Transportation$1,061$947-$114-10.7%
Healthcare$361$416+$55+15.2%
Other Necessities$505$572+$67+13.3%
Total Taxes (Federal, State, Local, FICA)$2,175$2,135-$40-1.8%

HUD Fair Market Rent Differential

1-Bedroom Fair Market Rent +$353/mo (24.7%)
Minneapolis-St. Paul-Bloomington: $1,427/mo Chicago-Naperville-Elgin: $1,780/mo
2-Bedroom Fair Market Rent +$277/mo (16.0%)
Minneapolis-St. Paul-Bloomington: $1,734/mo Chicago-Naperville-Elgin: $2,011/mo

EPI Living Wage Benchmark Comparison

1 Adult (No Children) +$2.22/hr (8.7%)
Minneapolis-St. Paul-Bloomington: $25.60/hr Chicago-Naperville-Elgin: $27.82/hr
2 Adults + 1 Child (per earner) -$1.01/hr (-4.0%)
Minneapolis-St. Paul-Bloomington: $25.27/hr Chicago-Naperville-Elgin: $24.26/hr

Top Local Occupations Wage Parity

BLS median wage comparisons across benchmark roles between both metropolitan labor markets.

Occupation Title Industry Sector Minneapolis-St. Paul-Bloomington Median Chicago-Naperville-Elgin Median Nominal Wage Delta Action
General and Operations ManagersFinance & ManagementFinance & Management$103,570$109,390+$5,820 (+5.6%)View Dossier
Registered Nurse (RN)HealthcareHealthcare$103,040$100,490-$2,550 (-2.5%)View Dossier
Software EngineerTechnologyTechnology$130,920$134,380+$3,460 (+2.6%)View Dossier
Accountant & AuditorFinanceFinance$86,500$82,360-$4,140 (-4.8%)View Dossier
Management AnalystBusiness OperationsBusiness Operations$101,560$105,090+$3,530 (+3.5%)View Dossier
Financial ManagerFinanceFinance$165,620$168,810+$3,190 (+1.9%)View Dossier
Project Management SpecialistBusiness OperationsBusiness Operations$97,860$105,320+$7,460 (+7.6%)View Dossier
Sales ManagersFinance & ManagementFinance & Management$158,100$158,690+$590 (+0.4%)View Dossier
Computer and Information Systems ManagersFinance & ManagementFinance & Management$178,080$173,760-$4,320 (-2.4%)View Dossier
Quality Control InspectorIndustrial ManufacturingIndustrial Manufacturing$58,900$48,230-$10,670 (-18.1%)View Dossier
ElectricianSkilled TradesSkilled Trades$81,890$102,350+$20,460 (+25.0%)View Dossier
Medical and Health Services ManagersFinance & ManagementFinance & Management$126,880$123,090-$3,790 (-3.0%)View Dossier

Major US Inter-Metro Relocation Corridors

Empirical cost differentials and statutory tax savings across high-volume migration routes.

New York-Newark-Jersey City → Austin-Round Rock-San Marcos

On $100k: $8,301 less tax and $14,388 less 1BR rent a year

-30.6% COL+$22,689/yr
San Francisco-Oakland-Fremont → Austin-Round Rock-San Marcos

On $100k: $6,211 less tax and $17,676 less 1BR rent a year

-30.4% COL+$23,887/yr
Chicago-Naperville-Elgin → Dallas-Fort Worth-Arlington

On $100k: $4,805 less tax and $2,928 less 1BR rent a year

-2.2% COL+$7,733/yr
San Francisco-Oakland-Fremont → Columbus

On $100k: $1,729 less tax and $19,884 less 1BR rent a year

-41.0% COL+$21,613/yr
Los Angeles-Long Beach-Anaheim → Phoenix-Mesa-Chandler

On $100k: $4,113 less tax and $10,908 less 1BR rent a year

-13.5% COL+$15,021/yr
Seattle-Tacoma-Bellevue → Denver-Aurora-Centennial

On $100k: $3,761 more tax and $4,188 less 1BR rent a year

-13.6% COL+$427/yr
Boston-Cambridge-Newton → Raleigh-Cary

On $100k: $1,299 less tax and $11,592 less 1BR rent a year

-16.2% COL+$12,891/yr
New York-Newark-Jersey City → Miami-Fort Lauderdale-West Palm Beach

On $100k: $8,301 less tax and $7,296 less 1BR rent a year

-27.3% COL+$15,597/yr

Minneapolis-St. Paul-Bloomington, MN-WI to Chicago-Naperville-Elgin, IL-IN Relocation FAQs

About $108,700. That scales $100,000 by the ratio of the metros' cost-of-living indexes (115.8 in Minneapolis-St. Paul-Bloomington, MN-WI, 125.8 in Chicago-Naperville-Elgin, IL-IN, from EPI family budgets); taxes are compared separately below.

Triangular Relocation & Tax Silo

Minneapolis-St. Paul-Bloomington, MN-WI to Chicago-Naperville-Elgin, IL-IN: State Paychecks, Rents & Reciprocal Corridor

Reverse Route: Chicago-Naperville-Elgin, IL-IN to Minneapolis-St. Paul-Bloomington, MN-WI
Relocation: Minneapolis Metro, MN-WI to Chicago Metro, IL-IN Overview

Minneapolis-St. Paul-Bloomington, MN-WI to Chicago-Naperville-Elgin, IL-IN: 2026 federal, state & local income tax, HUD Fair Market Rents & EPI living costs. Official 2026 economic data for Relocation: Minneapolis Metro, MN-WI to Chicago Metro, IL-IN compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.

Quick answers
How much salary do I need in Chicago-Naperville-Elgin, IL-IN to match $100,000 in Minneapolis-St. Paul-Bloomington, MN-WI?

About $108,700. That scales $100,000 by the ratio of the metros' cost-of-living indexes (115.8 in Minneapolis-St. Paul-Bloomington, MN-WI, 125.8 in Chicago-Naperville-Elgin, IL-IN, from EPI family budgets); taxes are compared separately below.

Is Chicago-Naperville-Elgin, IL-IN cheaper than Minneapolis-St. Paul-Bloomington, MN-WI?

EPI's family budgets for a single adult put overall living costs 8.7% higher in Chicago-Naperville-Elgin, IL-IN than in Minneapolis-St. Paul-Bloomington, MN-WI. The budgets cover housing, food, transportation, health care and other necessities.