What Is A Good Salary In Illinois?

Is Illinois a nice place to live?

ILLINOIS — Illinois has been ranked the 21st best place to live in the country, according to a new report that looked at three socioeconomic factors..

Is 100k a good salary in Chicago?

CHICAGO — Six-figure salaries certainly sound nice to a lot of Americans. After all, the median income for the American worker in 2019 is about $47,000 a year. But a new report shows that a yearly $100,000 income goes a lot further in some cities than others. And in one city, it’s not even enough to pay the bills.

What salary do you need to live comfortably in Chicago?

To live comfortably in Chicago–factoring in housing costs, transportation, utilities, and groceries–you’ll need to make around $94,917 as a renter or $84,765 as a homeowner. Unfortunately for many Chicagoans, the median income in the city is only $52,497, leaving a discrepancy of at least $32,000 on average.

What is the richest area in Illinois?

Glencoe, Winnetka, Lake Forest, Hinsdale, Inverness, Long Grove, Oak Brook, Wilmette, Hawthorn Woods and Highland Park are in the top 100 in the 2019 Bloomberg Richest Places Index. Glencoe was highest, ranking 10th, with an average household income in 2017 of almost $340,000. The north suburb moved up from No.

Is 80k a good salary in Chicago?

To answer your question. Yes, it is a good salary to live in Chicago. $75,000 salary will give you around $4,300 net monthly pay and it depends on how much are you willing to save, what type of lifestyle do you want, or how far are you willing to commute.

What is the cheapest city to live in in Illinois?

Here are the 5 Most Affordable Cities in Illinois:Bloomington, IL.DeKalb, IL.Naperville, IL.Belleville, IL.Springfield, IL.

How many Illinois millionaires live?

Crain’s Chicago Business reported in 2016 that “the number of millionaire households in Illinois reached 280,265, up 5.2 percent from 2014.” In 2016, Crains reported, that number represented “1 out of every 18 households” — 5.5 percent.

What is the best area to live in Illinois?

Best Cities to Live in IllinoisRankCity1Chicago2Urbana3Wheaton4Schaumburg6 more rows

What is considered high income in Illinois?

Average Household Income: $92,395. Per Capita Income: $36,038. 8.3% of Households in Illinois are High Income Households that make over $200,000 a year….Median Household Income in Illinois by Age of Householder.IllinoisHouseholder 45 to 64 years$81,223Householder 65 years and over$45,8612 more rows

Is 40k a good salary in Chicago?

I’d say 35-40K is an extremely low salary for Chicago, barely enough to make ends meet. I’d be looking at a less expensive city/town to move to. 800-900 studio in uptown.

What is a good salary for a single person in Illinois?

The median for a 1 person household is $53,000, and for a 4 person household it is $76,000. Many Chicagoans have incomes much lower than the median, but they are usually not able to live well.

Is 50k a good salary in Chicago?

50k is more than enough. You will be completely fine. Shoot for $800-1,000 in rent. You’ll have a plenty good lifestyle.

What’s the poorest city in Illinois?

CentrevilleCentreville is the poorest city in the state of Illinois, as well as one of the poorest cities in the nation. The town median household income of $17,441, while the typical home in the area is worth approximately $47,900.

What is a livable wage in Illinois?

Living Wage Calculation for Cook County, Illinois1 ADULT0 Children1 ChildLiving Wage$13.60$27.39Poverty Wage$6.00$8.13Minimum Wage$8.25$8.25

How much money do you need to live comfortably in Illinois?

The group estimates a family of two adults and two children in Cook County would need to earn a combined $85,638 per year — or $7,136 a month — to live comfortably.