150k is a good salary in Chicago. It’s not the highest number, but it’s far from the lowest. There are many jobs that pay between 125k and 175k, depending on your experience and what you do.
For example, a software engineer can expect to make between 125k and 200k, while an experienced executive might make as much as 300k or more. The most popular jobs in Chicago have salaries that range from $50k to $200k per year, with an average salary of about $105k for all workers in the city.
Is 150k A Good Salary In Chicago
The average salary for a website developer in Chicago is $150k. Average cost of living in Chicago is $62k per year. Thus, the average cost of living in Chicago is 82% higher than in other cities across the country. Let’s look at a list of online tools that can aid you to easily make 150k a year as a web developer in Chicago.
The short answer is yes, 150k is a good salary in Chicago.
The average cost of living in Chicago is $36,000 per year, according to Numbeo, which means that if you’re making 150k a year and you’re paying the average cost of living in Chicago, then you’ll be able to afford to live on your own without any roommates.
If you want to go out and have fun on the weekends with friends—going out to dinner or drinks at bars—and still be able to save money and pay off student loans or save up for a down payment on your first house, then 150k is a great salary for Chicago.
Is 150k a good salary in chicago
Introduction
I’m a recent graduate who recently moved to Chicago. I have an offer for 80K/year with a 30% bonus target, plus stock options which could bump up my compensation. I have another offer for 150K/year in salary but no bonuses or stock option grants. I am trying to decide between the two offers and would appreciate some insight on which position would leave me better off financially long term.
Location, location, location.
Location, location, location. You might be able to get a larger house in the suburbs than you could downtown, but keep in mind that a large house means higher maintenance costs and more time spent traveling from your home to work. If you’re looking for a family-friendly neighborhood with great schools and plenty of entertainment options for kids (or pets), look for neighborhoods that have those qualities. But be aware that some of these areas are relatively far from the city center and may make your commute longer than if you lived closer to downtown. It’s also important to make sure there aren’t any major drawbacks to living in whatever areas you’re considering—for example, is there an overabundance of crime or pollution?
If possible, try out different neighborhoods before making any decisions so that you know what’s right for YOU!
Is 150k a good salary in chicago
150K is a good salary in Chicago, especially if you have a bachelor’s degree. You can rent or buy. You can buy a car and have money left over for enjoying life!
A good salary in Chicago, IL is anything over $50,000. That’s because the median income in Chicago is $50,000, which means if you earn more than that you’re earning more than 50% of the people living in Chicago. The average salary in Chicago is $60,132.
A good hourly wage in Chicago is $24.04 per hour. That works out to a good weekly wage of $961 per week and a good monthly wage of $4,166 per month. However, using the median income is only one way to calculate a good salary in Chicago.
Another way to calculate a good salary in Chicago is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $258,000, a good salary in Chicago would be $51,600.
Lastly, we can determine a good salary in Chicago by looking at the cost of living and comparing it to the US average salary. The cost of living in Chicago is 11% higher than than the national average. The national average salary is $56,310, so a good salary in Chicago is anything over $62,504 by this measure.
AVERAGE ANNUAL SALARY IN CHICAGO, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $75,000 | $6,250 | $1,442 | $36.06 |
| 90th | $108,000 | $9,000 | $2,076 | $51.92 |
Conclusion
To sum it all up, I feel like a good salary in Chicago is anywhere between $120k-$160k. This would put you in the 90th percentile for most workers at this time. The higher up on that list you are, the better off financially you will be when compared to other people who live here
