Illinois vs New York Paycheck Comparison 2026

At a $100,000 salary, Illinois results in $764 more annual take-home pay. Illinois has a flat state income tax of 4.95%. All taxable income is taxed at the same rate. New York uses a progressive income tax with 9 brackets ranging from 4.00% to 10.90%.

The difference depends on salary. At $50,000, the gap is $236/yr. At $150,000, it grows to $1,414/yr. At $300,000, the difference is $3,871/yr.

Yes. Federal income tax, Social Security, and Medicare are the same in every state. Only state income tax differs. This calculator shows the combined effect of federal and state taxes on your take-home pay.

Illinois is cheaper to live in. Cost of living in Illinois is 13% lower than in New York. Illinois's Regional Price Parity is 97.1 and New York's is 112.1 (US average = 100).

Yes. Illinois has a lower cost of living than New York (index 97.1 vs 112.1). Housing is typically the biggest difference between the two states.

Yes. New York has a higher cost of living (index 112.1) compared to Illinois (index 97.1). The national average is 100. Housing costs are typically the largest driver of the difference.

At a $100,000 salary, take-home pay of $74,230 in Illinois has the purchasing power of $64,297 in New York terms. Conversely, $73,466 in New York equals $84,815 in Illinois terms. After adjusting for both taxes and cost of living, New York comes out ahead.

The overall cost of living is 15% different between Illinois and New York. Living costs are about 3% below the national average Living costs are 12% above the national average After taxes and cost of living, New York gives you more purchasing power on a $100,000 salary.

Illinois requires residents to file a state income tax return annually, typically due April 15. New York requires residents to file a state income tax return annually, typically due April 15. If you move between states mid-year, you typically file a part-year resident return in each state for the income earned while living there. Each state has its own tax return form — check your state's department of revenue website for the correct form and e-filing options.