Quality of Life in Chicago, IL on a $93,755 Salary

Living in Chicago, Illinois, with an annual income of $93,755 provides a specific quality of life that varies when compared to the broader U.S. This evaluation covers the cost of living, housing market, quality of life, access to healthcare, and quality of K-12 schools.

Cost of Living

• General Overview: Chicago’s cost of living is higher than the national average, but not as steep as other major cities like New York or San Francisco.
• Major Expenses:
  • Housing: A significant portion of income goes toward housing, though still more affordable than cities on the coasts.
  • Utilities: Marginally higher, particularly in winter months.
  • Transportation: Costs are moderate with options such as public transit reducing the need for a car.
• Groceries and Dining Out: Generally parallel to the national average.

Housing Market

• Current Market Trends:
  • Median home prices in Chicago can be higher than the national average, but there are diverse options available across neighborhoods.
  • Renting remains a popular choice for many, with monthly rent accessible compared to the high-end housing markets.
• Affordability:
  • Homes outside downtown areas offer more affordability.
  • Chicago has various neighborhoods with differing price points, making it possible to find suitable living arrangements within budget.

Quality of Life

• Cultural and Recreational Opportunities:
  • Chicago is renowned for its cultural diversity, with numerous museums, theaters, and music venues.
  • Access to parks, Lake Michigan, and sports events enriches lifestyle options.
• Employment and Economy:
  • Diverse economy with opportunities in finance, technology, manufacturing, and healthcare.
  • Salaries generally align with cost-of-living needs for those in professional fields.

Access to Healthcare

• Healthcare Facilities:
  • Chicago is home to some of the U.S.'s top hospitals and medical research centers.
  • Access to healthcare is generally good, with numerous facilities and professionals available.
• Healthcare Costs:
  • Premiums and out-of-pocket costs can be higher than the national average, but employer-provided insurance can offset this.

Quality of K-12 Schools

• Public Education:
  • Wide range of quality with standout schools and areas needing improvement.
  • Magnet and charter