what's the average rent for a 1 bed in downtown these days? (Chicago: school, college)

[Vlajos]

Originally Posted by Lookout Kid

-2 off those 2012 numbers for Chicago and Cook. My wife and I lived in Chicago in 2012, and we gone!

In all seriousness, I think it's been pretty well documented that the City of Chicago, and specifically certain neighborhoods within the city, are hugely popular with college-educated people and that this popularity is growing. +1 Vlajos on that. It has also been well-documented that the city has trouble retaining middle- and high-income families. +1 Holl1ngsworth on that. However, it has also been well-documented that people are getting married later and having fewer children these days. +1 Vlajos on that. But also consider that Cook County has more than 5 million residents while Dupage has 900,000. +1 Holl1ingsworth on that, as DuPage has higher percentages. Interestingly, both counties have around 26-27% of their populations under age 18.

On a % basis the college educated are a faster growing demographic in both Cook County and Chicago, than DuPage County.

[Lookout Kid]

Originally Posted by Vlajos

On a % basis the college educated are a faster growing demographic in both Cook County and Chicago, than DuPage County.

Okay. Clearly college-educated people are still choosing to live in both counties, and while the percentages in Cook are increasing, they aren't falling in DuPage either.

I would expect this trend to closely mirror the movements of the Millenial generation, as they are (1) the largest bulge in population numbers, even larger than the "Baby Boomers", and (2) they have earned bachelor's degrees at a higher rate than any generation in history.

[Vlajos]

Originally Posted by Lookout Kid

Okay. Clearly college-educated people are still choosing to live in both counties, and while the percentages in Cook are increasing, they aren't falling in DuPage either.

I would expect this trend to closely mirror the movements of the Millenial generation, as they are (1) the largest bulge in population numbers, even larger than the "Baby Boomers", and (2) they have earned bachelor's degrees at a higher rate than any generation in history.

I agree. I am just attempting to demonstrate that the well educated are not fleeing Chicago as the other poster claimed.

[chicagohunter]

Ha... ha. really?

[marothisu]

Originally Posted by Vlajos

Strange, because looking at the latest numbers from the ACS for Chicago population 25 years and over:

2012 people with Bachelors or higher 623,000
2007 people with Bachelors or higher 525,000

2012 people with some college or associates degree 431,000
2007 people with some college or associates degree 389,000

2012 people with HS diploma or less 753,000
2007 people with HS diploma or less 861,000

I did research on this awhile ago but 2012 versus 1990. Chicago had one of the highest positive percentage changes relative to population change out of any city in the US for Bachelors or higher. It was in the top 10 even more than Seattle, San Francisco, NYC, etc. If you look at the posts I've started, you can probably find it (too lazy right now). It was in another sub forum that I posted it. There's something like 250,000 more people today with a Bachelor's or higher in the city versus 1990 even though the population is about 80,000 less versus 1990.

Anyway, I've met many people who have moved to Chicago from higher cost cities for the cost reasons. I have showed my friends from San Francisco buildings like 500 N Lake Shore Drive, the most expensive rental building per square footage in the city. What did they say? "Wow..what a ****ing steal!"

[Vlajos]

Originally Posted by marothisu

I did research on this awhile ago but 2012 versus 1990. Chicago had one of the highest positive percentage changes relative to population change out of any city in the US for Bachelors or higher. It was in the top 10 even more than Seattle, San Francisco, NYC, etc. If you look at the posts I've started, you can probably find it (too lazy right now). It was in another sub forum that I posted it. There's something like 250,000 more people today with a Bachelor's or higher in the city versus 1990 even though the population is about 80,000 less versus 1990.

Anyway, I've met many people who have moved to Chicago from higher cost cities for the cost reasons. I have showed my friends from San Francisco buildings like 500 N Lake Shore Drive, the most expensive rental building per square footage in the city. What did they say? "Wow..what a ****ing steal!"

I have some free time today, so here you go.

Fastest Growing Bachelors Degree or Higher Cities (250K+) Relative to Population Change 1990-2012

And yes, we recently hired a woman who moved here from NYC. She finds talk about expensive here to be humorous.

[Vlajos]

Looking at Family Income brackets in Chicago in 2007 there were 127K families with incomes of $100K+, in 2012 there were 138K. It doesn't appear that Chicago is losing families in the upper income brackets at all.

[Lookout Kid]

Originally Posted by Vlajos

Looking at Family Income brackets in Chicago in 2007 there were 127K families with incomes of $100K+, in 2012 there were 138K. It doesn't appear that Chicago is losing families in the upper income brackets at all.

"Family" in this context simply means more than one person living in a household, and includes married people with no children. But even then, I'm not sure Chicago is losing families at a more rapid rate in 2012 than in 2007. But Chicago still loses families with kids who are well off to the suburbs on a net basis. I've also met some families with kids who have moved from the suburbs in to the city, but that isn't particularly common.

[Vlajos]

Originally Posted by Lookout Kid

"Family" in this context simply means more than one person living in a household, and includes married people with no children. But even then, I'm not sure Chicago is losing families at a more rapid rate in 2012 than in 2007. But Chicago still loses families with kids who are well off to the suburbs on a net basis. I've also met some families with kids who have moved from the suburbs in to the city, but that isn't particularly common.

Right and Chicago is gaining people in that category contrary to what someone else posted. The $200K+ Family category went from 31,000 to 38,000 in the 2007-2012 time period.

[Lookout Kid]

The funny thing to me is that most of the $100K+ and $200K+ families that I knew in the city in 2012 have since left the city.