Quick Answer: What Is Considered A Good Salary In Illinois?

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

Chicago, IL 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..

What is middle class income in Illinois?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleHawaii$30,895 – $92,684$43,692 – $131,075Idaho$24,267 – $72,801$34,318 – $102,955Illinois$25,806 – $77,419$36,496 – $109,487Indiana$23,562 – $70,687$33,322 – $99,96648 more rows•Dec 12, 2020

How dangerous is Illinois?

Unfortunately, Illinois is the 19th most dangerous state, and it has 10 cities in particular to thank for it. Illinois residents must consider the 1 in 247 chance that they’ll experience violent crime. Violent crime is defined as robbery, assault, murder, and rape, but property crime is more common in Illinois.

What is the safest city in Illinois?

WarrenvilleSafest Cities in Illinois, 2019RankCitySafety Index1Warrenville0.912Deerfield0.913Elk Grove Village0.754Burr Ridge0.7596 more rows

What is the wealthiest Chicago suburb?

KenilworthRankZip CodeLocation160043Kenilworth260093Winnetka360521Hinsdale460022Glencoe23 more rows•Dec 9, 2019

What is a livable wage in Illinois?

Living Wage Calculation for Cook County, Illinois1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenLiving Wage$16.32$21.96Poverty Wage$6.13$6.30Minimum Wage$10.00$10.00

What is the richest area in Illinois?

Detailed List Of The Richest Cities In IllinoisRankCityMedian Income1Inverness$192,5762Hawthorn Woods$175,7953Winnetka$250,0014Glencoe$248,85162 more rows•Dec 17, 2020

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.

Why are houses so cheap in Decatur IL?

Decatur is an affordable market because the median house costs about one and a half times the median annual income. (“Median” is the midpoint, where half of the values or incomes are lower and half higher.)

What is the poorest county in Illinois?

AlexanderAlexander was ranked the poorest county in Illinois in a Wall St. 24/7 analysis of the least affluent regions in all 50 states. Alexander recorded a median household income of $31,014 annually, based on 2017 U.S. Census Bureau data.

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

What is the poorest town in Illinois?

RoodhouseRoodhouse was ranked the poorest town in Illinois in a 24/7 Wall St. analysis examining small, lower-income communities where households earn much less than the nation’s median annual household income.

Is 80k a good salary in Chicago?

Yes you can. Originally Answered: Is 80k a good salary for chicago? … This means that half of Chicago households of two live on less money, half on more. The median for a 1 person household is $53,000, and for a 4 person household it is $76,000.

What is middle class income in Chicago?

Median household income in the Chicago metro area is $68,403.

Is 200K a good salary in Chicago?

You will be comfortable pretty much wherever you live. Obviously there are some highrises that are beyond the reach of 200K. But overall, especially if you’re single, you will be more than good.

Where do millionaires live in Chicago?

In the city itself, the wealthiest neighborhoods are the Gold Coast, River North and Lincoln Park, which run along Lake Michigan from downtown north to about Fullerton Avenue (3 miles north of the city center).

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 is the cheapest city to live in in Illinois?

10 Most Affordable Places to Live in IllinoisHoopeston. Hoopeston is one of the most inexpensive places to live in Illinois. … Granite City. Granite City is relatively small, with a total population of 30,000, and the average home will cost you $71k. … Mendota. Only two hours outside of Chicago, Mendota is another smaller town with 7,000 residents.Nov 2, 2020

How many billionaires live in Illinois?

18 billionairesForbes magazine reports that its annual review of the super-wealthy in the United States revealed Illinois has just 18 billionaires out of a population of 12.5 million.

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 is the best area to live in Illinois?

Read below to see our list of the top four places to live in Illinois.Buffalo Grove. With a population sitting just above 41,000, Buffalo Grove is our top-rated suburb to live in Illinois. … Naperville. … Clarendon Hills. … Evanston. … Gurnee. … Springfield.Jan 3, 2021