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Old 05-15-2012, 08:36 PM
 
Location: Chicago
4,627 posts, read 7,434,730 times
Reputation: 2949

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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 629,737 times
Reputation: 645
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
1,943 posts, read 3,635,947 times
Reputation: 912
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 4,168,831 times
Reputation: 3528
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
 
712 posts, read 809,975 times
Reputation: 606
Do it. Sell your car and embrace real city living.
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Old 05-15-2012, 09:15 PM
 
8,713 posts, read 8,992,495 times
Reputation: 4293
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
3,314 posts, read 2,828,875 times
Reputation: 1942
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
13,406 posts, read 12,966,582 times
Reputation: 5333
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
2,317 posts, read 2,813,424 times
Reputation: 1752
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 1,717,350 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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