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Old 05-15-2012, 08:36 PM
 
Location: Chicago
4,453 posts, read 6,523,595 times
Reputation: 2648

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Quote:
Originally Posted by ashley010 View Post
Between $25-$35 per hour stand 40 hour work week. Wats a good base line for an hourly or salary to live comfortably in Chicago?
If you are in your twenties and are not drowning in student loan debt, 40 - 50k is plenty to live in a trendier neighborhood and still be able to enjoy the amenities of the city.
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Old 05-15-2012, 08:38 PM
 
578 posts, read 490,633 times
Reputation: 631
Chicagos great. Every city has its issues but I am happiest here. Lived in the west and southeast. I'll take winter!
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Old 05-15-2012, 08:40 PM
 
Location: Chicago
1,915 posts, read 3,144,162 times
Reputation: 861
Quote:
Originally Posted by ashley010 View Post
Between $25-$35 per hour stand 40 hour work week. Wats a good base line for an hourly or salary to live comfortably in Chicago?
If I remember correctly there are 2080 hours in a year, which would get you about 62k a year. 62k a year, you can get a decent 1br condo in just about any neighborhood, go out to eat a few times a week, drink beer from glass bottles, and even save a few bucks (as long as you dont have any large expenses or debt). I have plenty of friends that make 40s and while they cant drink 18yo scotch everything, seem to live comfortably.
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Old 05-15-2012, 09:11 PM
 
Location: where people are either too stupid to leave or too stuck to move
3,998 posts, read 3,252,251 times
Reputation: 3480
Quote:
Originally Posted by linicx View Post
Can you afford, say, $2000 a month for rent, utilities, food, entertainment and mass transit pass?
sounds like nyc
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Old 05-15-2012, 09:13 PM
 
573 posts, read 585,325 times
Reputation: 461
Do it. Sell your car and embrace real city living.
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Old 05-15-2012, 09:15 PM
 
8,448 posts, read 6,992,211 times
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Quote:
Originally Posted by long101 View Post
If I remember correctly there are 2080 hours in a year, which would get you about 62k a year. 62k a year, you can get a decent 1br condo in just about any neighborhood, go out to eat a few times a week, drink beer from glass bottles, and even save a few bucks (as long as you dont have any large expenses or debt). I have plenty of friends that make 40s and while they cant drink 18yo scotch everything, seem to live comfortably.
I agree. You can live very comfortably here on $60K.
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Old 05-15-2012, 09:28 PM
 
Location: Chicago - near NW
3,032 posts, read 2,225,570 times
Reputation: 1793
Quote:
Originally Posted by linicx View Post
Can you afford, say, $2000 a month for rent, utilities, food, entertainment and mass transit pass?
I think the majority of Chicago gets by with less than that.
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Old 05-15-2012, 09:45 PM
 
Location: NYC and Chicago
12,214 posts, read 9,410,158 times
Reputation: 4550
Quote:
Originally Posted by ashley010 View Post
Between $25-$35 per hour stand 40 hour work week. Wats a good base line for an hourly or salary to live comfortably in Chicago?
$25/hour comes to $52,000 a year. It all depends on if you own a car, how much debt you have, if you have 401k, how much health insurance costs, if your company allows you to buy stock options with every paycheck, etc. If you don't own a car, and don't have a ton of debt or anything, $52k is plenty. People live here comfortably with way less, but they might not live downtown or anything.

If you make in the middle of that, or $62,400 a year, I bet you'd make out with at least $3700 a month after EVERYTHING if you contributed to 401k, stock options, health/dental insurance, etc. and federal/state taxes.

That's more than enough to live comfortably in almost any neighborhood here depending on your other debts.
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Old 05-16-2012, 06:45 AM
 
Location: Chicago area
2,125 posts, read 2,270,891 times
Reputation: 1527
Houston would be my idea of hell. If you've survived North Dakota winters, you'll do just fine here.
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Old 05-16-2012, 06:46 AM
 
Location: Uptown
1,521 posts, read 1,413,868 times
Reputation: 1236
Quote:
Originally Posted by It'sAutomatic View Post
I think the majority of Chicago gets by with less than that.
$2000 a month is a sub 40k salary
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