Any list of Cheapest place Living in the United States typically includes Midwestern Burg such as Fort Wayne, Des Moines, Moline, Peoria, Grand Rapids, and Indianapolis. Interestingly, this is also a list of half the hometowns of children who rode critical mass and participated in demonstrations at Logan Square Park.
They know what a number of crunchers are in US News and World Report Don’t Do: Chicago is as affordable as the little home they fled, and more affordable than any other big city in the country, at least for renters. For young and ambitious people, no American city offers as affordable and opportunity combinations as Chicago.Essayist in his eighties, Joseph Epstein Once wrote“Chicago is like a city for young people, for example, in their early thirties, it seems like an ideal place.”
After spending my early thirties in Chicago and moving here from Decatur, I can prove the truth. There are several reasons why living in Chicago, not to mention New York and San Francisco, can actually be a better deal than central Illinois.
Rent is cheaper than the beach:
If you say you’ve paid $ 1,000 for 10 years to live in a two-bedroom apartment overlooking Lake Michigan, the East and West coasts gasp. (Some residents of Lincoln Park also gasp.) Apartment listThe median rent for a one-bedroom apartment in San Francisco is $ 2,610. In Los Angeles, it’s $ 2,050. Chicago: $ 1,360.
Census data Give different numbers to tell the same story. Chicago’s median total rent from 2015 to 2019 was $ 1,112, while the national median was $ 1,062. In New York, it’s $ 1,443. Los Angeles, $ 1,450; SF, $ 1,895. Houston is just behind the population of Chicago, but it’s not that cheap. It’s $ 1,041 just as Dallas is $ 1,052.
Other cities that are more expensive than us are Boston, Seattle, Miami, Washington DC, San Diego, Tampa, and Austin. These aren’t on the beach, but they have a warm climate, better Tex-Mex food, and a better music scene. We used Craigslist to compare the prices of Logan Square apartments with an equivalent neighborhood in Boston, Brighton. At Logan Square, prices range from $ 1,000 to $ 1,500. In Brighton, they range from $ 1,500 to $ 2,000.
You don’t need a car:
There are many Midwestern cities where apartments are cheaper than Chicago. For example, Flint, Michigan. With Flint everything is a little cheaper. A full-course lunch at a seated restaurant is $ 7. Souvenir T-shirts are $ 12.50.2 bedroom apartment Durant Luxury ApartmentsIt’s $ 1,028 with a granite countertop and a stainless steel fridge.
The catch is here: You can’t live in Flint without a car. After all it is a vehicle city.And insuring the car will cost you $ 325 / month! That’s in addition to mortgage payments, gas, maintenance and parking fees. Therefore, you can save $ 300 a month on rent.
It gets worse in Detroit, where monthly car insurance is charged Average $ 502Add this to the average one-bedroom rent of $ 890 and it will outpace the cost of an apartment in Chicago. Detroit’s public transport system is scandalously inadequate. The city recently built a light rail system. Q line, But it’s not L or Metra: it works only along Woodward Avenue, a single street. For obvious reasons, Detroit is trying to do everything it can to get its inhabitants to drive.In Michigan for a variety of reasons Unusually high car insurance premiumsBut Chicago is comparable to many other major cities. For example, it’s about $ 150 a year cheaper than Atlanta and Minneapolis, and $ 650 a year cheaper than Dallas.
Chicago has the most comprehensive public transport system in the Midwest, comparable to the much denser subways in New York, Boston, Washington, and San Francisco. No wonder many Michigans live here. And it’s not just Michigan. I know a couple who moved to Chicago near their daughter, a student at Loyola, and retired from Houston who sold both cars. Housing is more expensive here, but Chicago is generally more affordable because it saves on transportation costs.
You can make money:
To get started, the minimum wage in Chicago is $ 13.50 per hourDo you know the Indiana minimum wage? That’s the federal standard of $ 7.25, which would be zero if Indiana could overcome it. That is life in the red states. The same is true for Wisconsin. Missouri ($ 10.30) and Michigan ($ 9.65) are a little better.
Chicago’s minimum wage isn’t as high as Washington DC ($ 15.20), but our living expenses aren’t as high as the capital. Of course, everyone wants to earn more than the minimum wage. You can make more money in Chicago. According to Deutsche Bank, Chicago’s average monthly income is the fifth highest in the world at $ 4,062, surpassing only San Francisco, New York and Boston in the United States.
You can get there from here:
Chicago is the country’s transportation hub, which means it’s cheap to fly anywhere. I visited Orbitz.com and compared the round-trip flights from Bloomington and Chicago to New York City on the weekend of July 4th. The cheapest flight from Bloomington is $ 544.70 and you’ll have to change flights at O’Hare and Ronald Reagan National Airport in Washington, DC. The cheapest flight from Chicago is $ 327 and is a direct flight.
Taxes aren’t too bad:
Chicago’s 10.25% sales tax is quite high. The main reason: Chicago does not have a city income tax. It’s different from New York, which starts at 3.078 percent and goes up to 3.876 percent. Or Philadelphia, 3.8712%. Or Detroit, 2.4 percent.Illinois’ 4.95% flat income tax rate Lower than most states Charge middle-income earners.
So tell your friends in Bettendorf and Fondue Lac to move to Chicago. In Chicago, it’s easy to make ends meet. But at least there is one reason why Chicago is more expensive than Miami or Los Angeles. That means you have to buy clothes for four seasons.
Source link Why Chicago is a great place to spend your thirties – Chicago Magazine