Illinois vs New York Paycheck Comparison 2026
Annual salary
Annual salary
Additional options (filing status, deductions)
$138 /yr more take-home in Illinois
$12/mo · $5 a paycheck.
Illinois
New York
$58,025/yr in Illinois vs $57,887/yr in New York.
Illinois
Take-home per paycheck
$2,231.72
$58,025/yr · 26x/yr
Tax rates
New York
Take-home per paycheck
$2,226.41
$57,887/yr · 26x/yr
Tax rates
What this paycheck affords in Illinois vs New York
Sized off $4,835/mo take-home in Illinois and $4,824/mo in New York. Every figure below is a spending rule of thumb, not a tax rule.
Purchasing power
$76,837 is what Illinois take-home is worth at New York prices
Against $57,887 actually paid in New York, leaving Illinois $18,950/yr ahead once cost of living is taken off.
Rent
$1,266 /mo more for a two-bedroom in New York
$1,180/mo in Illinois, $2,446/mo in New York.
The average two-bedroom takes 24% of take-home in Illinois and 51% in New York — inside the comfortable range in Illinois, more than that paycheck supports in New York.
Buying a home
$190,000 more for the median home in New York
$260,000 in Illinois, $450,000 in New York.
The median home is 1.1× what this salary supports in Illinois and 1.8× in New York. Lenders size a mortgage off gross pay, so the budgets start from $75,000 at a 28% debt-to-income ratio, 6.75% over 30 years, each with its own state property tax rate.
What's left each month
$1,418 /mo further ahead in Illinois
Illinois has $1,218/mo spare; New York runs $200/mo short.
Living at the local average for everything fits one of these paychecks and not the other. Splitting rent with one roommate saves $590/mo in Illinois and $1,223/mo in New York.
Monthly cost by expense class
Every class on one scale, so housing's share of the month stays visible. Housing is the measured average two-bedroom; the rest are BLS Consumer Expenditure Survey averages moved by each state's cost-of-living index.
Other costs
| Cost | Illinois | New York |
|---|---|---|
| Regular gas | $3.60/gal | $3.47/gal |
| Electricity | $108/mo | $174/mo |
| Infant childcare | $1,342/mo | $1,447/mo |
Childcare sits outside the budget above because it applies to some households and not others — on its own it is 28% of take-home in Illinois and 30% in New York.
Sources: MERIC/C2ER Cost of Living Index (2025), AAA Fuel Gauge Report (2025), EIA State Electricity Profiles (2024), Child Care Aware of America (2024), Zillow Home Value Index (2025), BEA Regional Price Parities (2024)
Estimate based on 2026 tax rates and standard deductions. Does not include local taxes, itemized deductions, tax credits, or other individual circumstances.
Tax system comparison
Illinois: Illinois has a flat state income tax of 4.95%. All taxable income is taxed at the same rate.
New York: New York uses a progressive income tax with 9 brackets ranging from 4.00% to 10.90%.
Take-home pay at different salaries (single filer, 2026)
| Salary | Illinois take-home | New York take-home | Difference |
|---|---|---|---|
| $50,000 | $40,025 | $40,112 | -$87 |
| $75,000 | $58,025 | $57,887 | + $138 |
| $100,000 | $74,375 | $73,966 | + $409 |
| $150,000 | $106,511 | $105,452 | + $1,059 |
| $200,000 | $139,172 | $137,463 | + $1,709 |
| $300,000 | $200,472 | $197,003 | + $3,468 |
Positive values mean higher take-home in Illinois. Assumes single filer, no deductions.
FAQ
Which state has lower taxes, Illinois or New York?
At a $100,000 salary, Illinois results in $409 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%.
How much more do you take home in Illinois vs the other state?
The difference depends on salary. At $50,000, the gap is $87/yr. At $150,000, it grows to $1,059/yr. At $300,000, the difference is $3,468/yr.
Do Illinois and New York have the same federal taxes?
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.
Is it cheaper to live in Illinois or New York?
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).
Is Illinois cheaper than New York?
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.
Is New York more expensive than Illinois?
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.
After cost of living, which state is actually cheaper?
At a $100,000 salary, take-home pay of $74,375 in Illinois has the purchasing power of $64,423 in New York terms. Conversely, $73,966 in New York equals $85,393 in Illinois terms. After adjusting for both taxes and cost of living, New York comes out ahead.
Illinois vs New York cost of living — what's the difference?
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.
Do I need to file state tax returns in both Illinois and New York?
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.
Related tools
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- Illinois Cost of Living — Housing, groceries, gas, and overall index
- New York Cost of Living — Housing, groceries, gas, and overall index
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- How much house can you afford in New York?
- Illinois Tax Brackets — See 2026 marginal rates and effective tax rate
- New York Tax Brackets — See 2026 marginal rates and effective tax rate
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- New York Bonus Tax Calculator — See how bonuses are taxed differently
- Pay Raise Calculator — See how a raise changes your take-home pay
- Gross-Up Calculator — Find the salary you need to hit a target take-home
- Salary to Hourly Converter — Convert annual salary to hourly rate
- Mortgage Calculator — Estimate monthly payments with local rates
Illinois Paycheck Estimator · New York Paycheck Estimator · All states