A new study reveals how much you need to earn to live in Chicago comfortably.
The MIT Living Wage Calculator estimates the living wage needed to support individuals and families using “geographically specific expenditure data related to a family’s likely minimum food, childcare, health insurance, housing, transportation, and other basic necessities.” Living wages have been calculated for each state, the District of Columbia, and multiple counties and metro areas throughout the U.S.
Using the required annual income after taxes estimated by the living wage calculator, SmartAsset determined how much you need to make to “live comfortably” in the nation’s largest cities using the 50/30/20 rule.
The Wage Calculator says you need to earn $54,202 to live comfortably in Chicago. Get more below!