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Old 05-09-2011, 12:11 PM
 
Location: Chicago (Edgewater)
22 posts, read 39,810 times
Reputation: 32

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It's all relative. Chicago is inexpensive compared to California and the east coast. Compared to most places in between, not so much.

From my own experience: single and/or childless is great. Once you have to start finding houses, good schools, child-care, etc - affordability goes right down the toilet.
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Old 05-09-2011, 12:27 PM
 
11,288 posts, read 24,219,708 times
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Well in all honesty, Chicago's sales taxes really aren't that CRAZY compared to a lot of other large cities.

Ours is 9.75%. Los Angeles is 9.75%. San Francisco is 9.50%. New York City is 8.875%. Phoenix is 9.30%. Houston/Dallas are 8.25%. Seattle is 9.50%.

Chicago's is high, but within a point or so of many other larger cities. Groceries and many other products are taxed at 2%, not 9.75%. Ours is one of the most confusing states as far as having items taxed at anywhere from 2% to 9.75% depending on what you're buying.

My property taxes in Chicago are around 1% of my market value. Not too bad if you ask me. At least we don't have a local income tax like cities such as NYC.

What's the city vehicle use tax?? I know compared to the thousands in taxes and fees you get stuck with in the Northeast and then California/Arizonza/Nevada, we might be high for the Midwest but certainly not elsewhere.

Last edited by Chicago60614; 05-09-2011 at 12:38 PM..
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Old 05-09-2011, 12:30 PM
 
13,432 posts, read 15,287,187 times
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And our income tax is lower than most. Look at CA and NY. WI's income tax is higher. I pay about 1.4% in property taxes vs the value of my place.
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Old 05-09-2011, 12:31 PM
 
13,432 posts, read 15,287,187 times
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Who calculates cost per mile of public transport? What city not on a coast has a better transport system?
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Old 05-09-2011, 12:32 PM
 
Location: Oak Park, IL
5,523 posts, read 13,023,159 times
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Quote:
Originally Posted by chet everett View Post
Chicago does not even a "best in the Midwest" public transit system if cost efficiency is factored in.
What exactly does this mean? How can anyone make an argument that there are better transit systems in the Midwest than the CTA?
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Old 05-09-2011, 12:41 PM
 
11,288 posts, read 24,219,708 times
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Quote:
Originally Posted by Vlajos View Post
Who calculates cost per mile of public transport? What city not on a coast has a better transport system?
I was going to say, $86 a month for my pass taken out pre-tax (so I would have had around $20-$25 of that taken away from me anyway) and I'm done.

I have no idea what cost per mile is for the consumer. My out of pocket net is around $65 for my transit pass. I live 5 miles north of downtown and make the round trip 20 times a month. Then throw in maybe 20 other bus rides of around 2 miles each and 4 round trips downtown for non-work related things. So I spend around $0.23 per mile to use the CTA. How is that astronomical??
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Old 05-09-2011, 12:46 PM
 
Location: River North, Chicago, Illinois
4,612 posts, read 7,360,755 times
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Quote:
Originally Posted by sthornt1 View Post
...
From my own experience: single and/or childless is great. Once you have to start finding houses, good schools, child-care, etc - affordability goes right down the toilet.
As far as I'm concerned, a big part of this goes right into expectations. There are tens of thousands, if not hundreds of thousands of middle-class families raising their families in condos or apartments in New York. When a New Yorker parent moves to Chicago, though, they expect to have a house. Why would it surprise anyone that a house in a good area of Chicagoland might cost just as much as an apartment or condo in New York?

If you raised kids in a 2-bedroom condo in Chicago, you would definitely be doing it for less than it would cost in New York.
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Old 05-09-2011, 12:59 PM
 
Location: Chicago
38,704 posts, read 95,603,804 times
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"Cost per mile?" Eh? Well, if you're traveling 4 blocks, then the cost per mile sucks. If you're traveling from Wilmette to 87th Street and then transferring on a bus west to Cicero Avenue, well, you've just gone about 35 miles for $2.50.
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Old 05-09-2011, 01:18 PM
 
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Still waiting to find out this mystical midwest city with better public transport than Chicago.
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Old 05-09-2011, 02:09 PM
 
Location: Nort Seid
5,288 posts, read 8,187,668 times
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Quote:
Originally Posted by Chicago60614 View Post
Well in all honesty, Chicago's sales taxes really aren't that CRAZY compared to a lot of other large cities.

Ours is 9.75%. Los Angeles is 9.75%. San Francisco is 9.50%. New York City is 8.875%. Phoenix is 9.30%. Houston/Dallas are 8.25%. Seattle is 9.50%.

Chicago's is high, but within a point or so of many other larger cities. Groceries and many other products are taxed at 2%, not 9.75%. Ours is one of the most confusing states as far as having items taxed at anywhere from 2% to 9.75% depending on what you're buying.

My property taxes in Chicago are around 1% of my market value. Not too bad if you ask me. At least we don't have a local income tax like cities such as NYC.

What's the city vehicle use tax?? I know compared to the thousands in taxes and fees you get stuck with in the Northeast and then California/Arizonza/Nevada, we might be high for the Midwest but certainly not elsewhere.
I'd definitely swap an income tax for a lower property tax.

This housing bust should have taught us all the problem inherent with taxing unrealized gains...

Seriously, I have a load of friends in Brooklyn, they all tell me the NY tax system is much better as far as stabilizing neighborhoods & just budgeting your money.
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