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City Comparison · 2026

Owensboro vs Chicago

Salary, rent, taxes, and purchasing power compared

Purchasing Power

$100k in Owensboro = $168k in Chicago

Metric
Owensboro
Chicago
COL Index
0.82
1.38
1BR Monthly Rent
$880/mo
$2,000/mo
2BR Monthly Rent
$1,100/mo
$2,600/mo
State Income Tax
KY
IL
$100k Take-Home
$74,736
$73,786
$100k Effective Rate
25.26%
26.21%
$100k Savings Potential
$64,176
$49,786

After-Tax Income by Salary

Gross SalaryOwensboro
KY
Chicago
IL
$60,000$47,848
$3,987/mo · 20.25% eff.
$47,278
$3,940/mo · 21.2% eff.
$100,000$74,736
$6,228/mo · 25.26% eff.
$73,786
$6,149/mo · 26.21% eff.
$150,000$107,278
$8,940/mo · 28.48% eff.
$105,853
$8,821/mo · 29.43% eff.

Frequently Asked Questions

Is Owensboro or Chicago cheaper to live in?

Owensboro has a cost-of-living index of 0.82 while Chicago is 1.38 (1.00 = US average). Owensboro is cheaper overall. 1BR rent in Owensboro is $880/month vs $2,000/month in Chicago.

How much more do you need to earn in Chicago vs Owensboro?

$100k in Owensboro = $168k in Chicago. Cost of living in Chicago is higher by 68.3%.

Which city has better after-tax income — Owensboro or Chicago?

On a $100,000 salary, you take home $74,736 in KY (Owensboro) and $73,786 in IL (Chicago). After accounting for rent, your annual savings potential is $64,176 in Owensboro vs $49,786 in Chicago.