Is 80k alot?
Some careers offer 80K as a starting salary, but on average it will take a good few years of work experience, higher education, or at least a manager level job, to make that money. If you are living in a rural area, especially on the south or midwestern US, 80K is pretty good salary.
What is a comfortable salary in Chicago?
Comfortable Salary in Chicago, IL
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $63,980 | $1,230 |
| 75th Percentile | $45,553 | $876 |
| Average | $46,840 | $900 |
| 25th Percentile | $29,686 | $570 |
What is the wealthiest Chicago suburb?
The 10 Richest Suburbs in Chicago
- Oak Brook. Oak Brook, formerly known as Fullersburg, is 19 miles west of downtown Chicago.
- Highland Park. In Highland Park, over 55% of the households earn at least $100,000 while 28% make more than $200,000 in a year.
- Long Grove.
- Wilmette.
- Hawthorn Woods.
- Inverness.
- Lake Forest.
- Hinsdale.
Can you live in Chicago on 30K?
If you’re willing to live modestly and stick to a budget, you can absolutely live in Chicago as a single person for $30K a year. Of course everyone in that position would prefer more money to have a better quality of life.
Can you live in Chicago for 40k?
Yes. $40k is definitely enough to live fairly comfortably in Chicago.
Is 40k a year good 2020?
$40k is a good salary for a single individual. Consider if you and a partner were living together and both making that salary, you’d be making 36% more than the U.S. average household income.
Can you buy a house on 40k a year?
Once you take care of that 4k debt, you can afford about 120-150k in house. Purchasing a home in or near any major California city is going to be nearly impossible at only $40k a year. Its going to take a few years for you to save the 20% down of a 100k home (which is affordable for your income.)