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Say you have a job in Chicago paying $250K annually. Then you get a job offer in Los Angeles paying the same amount. All other benefits are equal. Would you relocate? Remember that LA costs roughly twice that in Chicago.
If I got competing job offers in Chicago and L.A. with a higher salary offer in L.A. to accommodate the higher cost of living, I still wouldn't move to L.A. It will take a lot to dislodge me from Chicago. If I do ever leave here, it will be because local politics have pushed me out rather than because I was drawn to some other place. And it seems the local politicians are trying their damnedest to push people out...
With a $250,000 salary, you be able live in Lincoln Park(which is one of the best neighborhoods in Chicago) but you wont be able to afford Gold Coast, Chicago
Lincoln Park and the Gold Coast are pretty much the same pricewise.
The Gold Coast is more expensive than Lincoln Park and plus Gold Coast is the second wealthiest urban neighborhood and only the Upper Eastside, Manhattan is wealthier.
Location: Cleveland, OH USA / formerly Chicago for 20 years
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Quote:
Originally Posted by bluchidog
With a $250,000 salary, you be able live in Lincoln Park(which is one of the best neighborhoods in Chicago) but you wont be able to afford Gold Coast, Chicago
Oh, fiddlesticks. You can afford Gold Coast on that amount. You probably couldn't afford one of those mansion-sized co-op apartments on East Lake Shore Drive, or one of those Astor Street brownstones, but you could afford something.
Location: Cleveland, OH USA / formerly Chicago for 20 years
4,069 posts, read 7,316,982 times
Reputation: 3062
Quote:
Originally Posted by ndfmnlf
Say you have a job in Chicago paying $250K annually. Then you get a job offer in Los Angeles paying the same amount. All other benefits are equal. Would you relocate? Remember that LA costs roughly twice that in Chicago.
I think I might try LA if I had that kind of income. I visited LA for the first time a few years ago and to my surprise I liked it a lot more than I thought I would. The weather is a lot nicer (especially in the wintertime) and the people are more laid back, IMHO. Not that I don't like Chicago -- I do -- but upon returning from that trip, I noticed for the first time just how stodgy Chicago really is in comparison. It was like culture shock in reverse, and it took me a day or two to get reused to my home surroundings.
For me, the biggest disadvantage to living in LA would be having to drive, all the time, everywhere. I don't think I would like that.
The Gold Coast is more expensive than Lincoln Park and plus Gold Coast is the second wealthiest urban neighborhood and only the Upper Eastside, Manhattan is wealthier.
Well, I actually lived in the Gold Coast for many years. It is a fabulous neighborhood, but that doesn't mean its more expensive than Lincoln Park. Do you have any facts to base your opinion on? You can find condos and sfh in both areas in roughly the same price range. I only wish that prices had been higher when I sold my place in the GC.
Are incomes higher in the GC? I have no facts, but would guess yes, because the ages skew higher there. But higher incomes don't necessarily translate to higher real estate values.
Oh, fiddlesticks. You can afford Gold Coast on that amount. You probably couldn't afford one of those mansion-sized co-op apartments on East Lake Shore Drive, or one of those Astor Street brownstones, but you could afford something.
Bingo, we have a winner!
I was looking recently with a friend, we found a beautiful 1 bedroom at 1200 LSD (Benjamin Marshall bldg) for $299k, a beautiful modern 2 bedroom unit on Dearborn for $340k and many other units in her price range (under $400), so yeah I think that anyone with $250k can afford the GC.
People who don't live in that neighborhood think its much more expensive than it is.
With a $250,000 salary, you be able live in Lincoln Park(which is one of the best neighborhoods in Chicago) but you wont be able to afford Gold Coast, Chicago
The Gold Coast isnt the second wealthiest urban neighborhood! Are you serious. Do some research before you post these statements.
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