Skip to main content
Data from U.S. Census Bureau · 2026 · Methodology
CitySpend

New York, NY vs Chicago, IL

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: New York, NY leads with education at $37,892 per resident, while Chicago, IL leads with fire protection at $10,754.

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

Summary

New York spends 273.7% 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
New York, NY
Pop. 8,622,467
C
64/100
Budget Balance55
Debt Burden100
Pension Funding76
Spending Efficiency0
Revenue Diversity100
Trend Direction50
City B
Chicago, IL
Pop. 2,721,914
C
61/100
Budget Balance100
Debt Burden61
Pension Funding76
Spending Efficiency22
Revenue Diversity0
Trend Direction50

Key Metrics

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

Per Capita Spending by Department

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

Revenue Breakdown (Per Capita)

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

Spending Breakdown (Per Capita)

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

Compare More Cities

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