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Data from U.S. Census Bureau · 2026 · Methodology
CitySpend

Chicago, IL vs New York, NY

Side-by-side fiscal comparison · U.S. Census Bureau data (2023)

Reviewed by CitySpend Editorial Team · Updated

New York, NY outspends Chicago, IL by a wide margin per resident — $129,119 versus $34,551, a 274% difference. A gap this size usually reflects a structurally different service mix or accounting scope rather than a single line item.

New York, NY edges Chicago, IL on the Fiscal Health Score by 3 points — 64/100 (grade C) to 61/100 (grade C). At a margin this narrow the grade is close enough that the factor-level detail matters more than the composite.

On debt, New York, NY carries the lighter load at $462 per resident versus $977 for Chicago, IL. Their budgets diverge on where the largest per-resident dollars go: Chicago, IL leads with fire protection at $10,754 per resident, while New York, NY leads with education at $37,892.

On the revenue side both lean hardest on intergovernmental transfers — 100% of total revenue in Chicago, IL and 14% in New York, NY.

Summary

New York spends 73.2% more per capita than Chicago ($94,568/person difference). New York, NY has the stronger Fiscal Health Score (C, 64/100).

Fiscal Health Score

City A
Chicago, IL
Pop. 2,721,914
C
61/100
Budget Balance100
Debt Burden61
Pension Funding76
Spending Efficiency22
Revenue Diversity0
Trend Direction50
City B
New York, NY
Pop. 8,622,467
C
64/100
Budget Balance55
Debt Burden100
Pension Funding76
Spending Efficiency0
Revenue Diversity100
Trend Direction50

Key Metrics

Metric
Chicago
New York
Total Spending
$94.0B
$1113.3B
Spending / Capita
$34,551
$129,119
Total Revenue
$231.6B
$1271.6B
Revenue / Capita
$85,083
$147,477
Total Debt
$2.7B
$4.0B
Debt / Capita
$977
$462
Population
2,721,914
8,622,467
Gov Employees / 10K
0.0
0.0
Avg Gov Salary
$0
$0

Per Capita Spending by Department

Police
Chicago$0
New York$1,512
Fire Protection
Chicago$10,754
New York$11,050
Highways & Roads
Chicago$930
New York$221
Parks & Recreation
Chicago$122
New York$868
Education
Chicago$0
New York$37,892
Health
Chicago$426
New York$417

Revenue Breakdown (Per Capita)

ChicagoNew York
Property Tax
$26
$5
Sales Tax
$74
$399
Income Tax
$229
$19
Intergovernmental
$85,083
$20,520
Charges & Fees
$2,847
$1,835
Other
$3,463
$3,593

Spending Breakdown (Per Capita)

ChicagoNew York
Police
$0
$1,512
Fire Protection
$10,754
$11,050
Highways & Roads
$930
$221
Education
$0
$37,892
Public Welfare
$1,858
$1,116
Health
$426
$417
Hospitals
$1,444
$6,467
Parks & Recreation
$122
$868
Housing
$6,520
$7,137
Sewerage
$129
$315
Utilities
$2,983
$13,371
Interest on Debt
$0
$11,706
General Admin
$0
$11,668
Other
$9,385
$25,380
C
Chicago, IL
Fiscal Health Score: 61/100
Average fiscal health
C
New York, NY
Fiscal Health Score: 64/100
Average fiscal health

Compare More Cities

Source: Census Annual Survey of State and Local Government Finances, 2026.