Net Worth Percentile in Chicago
Your national net worth ranking uses Federal Reserve SCF data and is the same wherever you live. But Chicago’s cost of living is 7% above the national average (COL index: 107), which changes what your net worth actually buys.
Purchasing power in Chicago
Based on BLS 2023 Consumer Expenditure Survey ($78,075/yr in Chicago).
Chicago — key figures
Calculate your net worth rank
Total assets (home equity, investments, retirement, savings) minus total debts (mortgage, loans, credit cards). Negative values are fine.
Frequently asked questions
What net worth puts you in the top 10% in Chicago?
Nationally, the top 10% of Americans ages 45-54 have a net worth of roughly $1.7M or more. In Chicago, where cost of living is 7% above the national average (COL index: 107), that $1.7M covers approximately 21.8 years of living expenses compared to 23.3 years at the national average.
How does Chicago's cost of living affect my net worth ranking?
Chicago has a cost of living index of 107 (US average = 100). Your national percentile ranking uses Federal Reserve SCF data and is the same regardless of where you live. But your purchasing power differs: $1M in Chicago covers 12.8 years of average living expenses, versus 13.7 years at the national average.
What is the median household income in Chicago?
The median household income in Chicago is $65,000 per year. The national median household income is approximately $74,580 (Census ACS 2023).
What is the median home price in Chicago?
The median home sale price in Chicago metro area is approximately $295,000 (2024). For a household with $500K in net worth, that represents 169% of the median home price.
Other cities
Data: 2022 Federal Reserve Survey of Consumer Finances.
Scenario planner and 20yr projection at CalcMoney →