Chicago, IL vs Newport News, VA
Cost of Living Comparison — 2026
Renters in Chicago, IL spend a smaller share of their income on housing. Median household income is 11% higher in Chicago, IL. Home prices in Chicago, IL run 23% higher. Newport News, VA has the lower unemployment rate.
Detailed Comparison
Housing Costs and Affordability
A common benchmark is spending no more than 30% of gross income on housing. In Chicago, IL, renters allocate roughly 22.0% of median household income to rent (within that threshold). In Newport News, VA, the figure is 23.1% , making Chicago, IL the easier city for renters on a budget.
For prospective homebuyers, the price-to-income ratio tells you how many years of gross income it takes to match the median home price. In Chicago, IL, that ratio is 4.2x. Homes cost 4.2 times the median annual income. In Newport News, VA, it's 3.6x. Homeownership is relatively more accessible in Newport News, VA.
Monthly housing costs (rent plus utilities) average $1,502 in Chicago and $1,328 in Newport News. These figures include renters paying utilities separately from rent.
Income and Labor Market
Median household income in Chicago, IL is $75,134; in Newport News, VA it is $66,718. That's a $8,416 gap, but income alone doesn't tell the full story without accounting for local costs.
Unemployment stands at 7.9% in Chicago and 5.4% in Newport News. Labor force participation (the share of the population working or actively job-seeking) is 55.5% in Chicago versus 53.3% in Newport News.
Population
Chicago, IL has a population of 2,707,648, making it the larger of the two cities. Newport News, VA has 184,774 residents. City size affects everything from transit options and job market depth to cost pressures. Larger metros typically see higher housing demand.
Data Sources
All data is from the US Census Bureau American Community Survey 5-Year Estimates. Income, housing, and employment figures represent the most recent available estimates. Data is refreshed as new Census releases become available.