Living Wage Calculator - Living Wage Calculation for Chicago-Naperville-Elgin, IL (2024)

The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time, or 2080 hours per year. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. In households with two working adults, all hourly values reflect what one working adult requires to earn to meet their families’ basic needs, assuming the other adult also earns the same.

The poverty wage and state minimum wage are for reference purposes. Poverty wage estimates come from the Department of Health and Human Services’ Poverty Guidelines for 2024 and have been converted from an annual value to an hourly wage for ease of comparison. The state minimum wage data is sourced from the Labor Law Center and includes the minimum wage in a given state as of January of that year.

For further detail, please reference the Methodology page. The data on this page was last updated on February 14, 2024.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children
Living Wage $24.16 $41.72 $53.53 $67.98 $32.74 $38.03 $42.73 $45.92 $16.37 $23.18 $29.20 $33.53
Poverty Wage $7.24 $9.83 $12.41 $15.00 $9.83 $12.41 $15.00 $17.59 $4.91 $6.21 $7.50 $8.79
Minimum Wage $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00

Typical Expenses

The table below shows the costs of each basic need that go into estimating the living wage. Like with the living wage, their values vary by location and family size.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children
Food $4,517 $6,659 $9,987 $13,275 $8,281 $10,308 $13,276 $16,187 $8,281 $10,308 $13,276 $16,187
Child Care $0 $14,424 $27,150 $35,526 $0 $0 $0 $0 $0 $14,424 $27,150 $35,526
Medical $3,286 $8,140 $8,000 $8,579 $6,668 $8,000 $8,579 $8,072 $6,668 $8,000 $8,579 $8,072
Housing $16,172 $20,119 $20,119 $25,644 $17,515 $20,119 $20,119 $25,644 $17,515 $20,119 $20,119 $25,644
Transportation $9,301 $10,764 $13,560 $15,602 $10,764 $13,560 $15,602 $15,584 $10,764 $13,560 $15,602 $15,584
Civic $2,889 $5,083 $6,398 $7,409 $5,083 $6,398 $7,409 $6,926 $5,083 $6,398 $7,409 $6,926
Internet & Mobile $1,729 $1,729 $1,729 $1,729 $2,299 $2,299 $2,299 $2,299 $2,299 $2,299 $2,299 $2,299
Other $4,086 $7,294 $7,756 $10,720 $7,294 $7,756 $10,720 $10,305 $7,294 $7,756 $10,720 $10,305
Required annual income after taxes $41,980 $74,211 $94,697 $118,483 $57,905 $68,439 $78,003 $85,016 $57,905 $82,862 $105,153 $120,542
Annual taxes $8,280 $12,570 $16,639 $22,914 $10,191 $10,656 $10,885 $10,492 $10,181 $13,580 $16,333 $18,955
Required annual income before taxes $50,260 $86,782 $111,336 $141,398 $68,096 $79,095 $88,889 $95,509 $68,086 $96,442 $121,486 $139,497

Typical Annual Salaries

The average annual salaries for various occupations in the table below comes from the latest state-level data from the Bureau of Labor Statistics’ Occupational Employment and Wage Estimates. When available, this data is specific to a given metro area.

Occupational Area Typical Annual Salary
Management $134,450
Business & Financial Operations $92,560
Computer & Mathematical $102,490
Architecture & Engineering $92,960
Life, Physical, & Social Science $91,090
Community & Social Service $55,830
Legal $129,580
Education, Training, & Library $62,200
Arts, Design, Entertainment, Sports, & Media $75,270
Healthcare Practitioners & Technical $95,300
Healthcare Support $37,540
Protective Service $61,010
Food Preparation & Serving Related $33,250
Building & Grounds Cleaning & Maintenance $37,900
Personal Care & Service $39,580
Sales & Related $54,610
Office & Administrative Support $48,450
Farming, Fishing, & Forestry $43,130
Construction & Extraction $77,460
Installation, Maintenance, & Repair $60,320
Production $46,130
Transportation & Material Moving $46,750
Living Wage Calculator
       - Living Wage Calculation for Chicago-Naperville-Elgin, IL (2024)

FAQs

Living Wage Calculator - Living Wage Calculation for Chicago-Naperville-Elgin, IL? ›

The Windy City ranked as number 61. According to SmartAsset, this is how much money a single adult needs to make in Chicago to not live paycheck-to-paycheck: Hourly wage needed: $47.38. Salary needed: $98,550.

What is the livable wage in Chicago? ›

The Windy City ranked as number 61. According to SmartAsset, this is how much money a single adult needs to make in Chicago to not live paycheck-to-paycheck: Hourly wage needed: $47.38. Salary needed: $98,550.

What is a livable wage in Illinois in 2024? ›

As of 2024, the living wage is $15.00/hr with employer-provided healthcare benefits, and $18.75/hr without.

How is living wage calculated? ›

The Living Wage Calculator's estimates are based on the costs of eight components, each of which represents a basic need: childcare, civic engagement, food, health care. housing, internet & mobile, transportation, and other necessities.

Is $19 an hour a livable wage? ›

Experts differ on what constitutes a living wage. The Economic Policy Institute estimates that an individual needs to make $49,000 a year to live in metropolitan Los Angeles. MIT's living wage calculator lists an average for one childless adult at $21.53 an hour.

What is a good hourly wage in Chicago? ›

$15.87 is the 25th percentile. Wages below this are outliers. $25.00 is the 75th percentile. Wages above this are outliers.

Is $75,000 enough to live in Chicago? ›

According to the study, a Chicago-area resident without children would need to make $65,500 after taxes to live comfortably.

Is $30,000 a livable wage? ›

Living Wage and Poverty Levels

The federal minimum wage of $7.25 an hour in many states is not enough to raise a family of four above the federal poverty level, which is $30,000 in 2023.

What is considered a good salary in Illinois? ›

The average salary in Illinois is $38.24 per hour & $68,870.24 per year. The average salary by city doesn't indicate jobs done to earn above or below average. An average salary of $90,000 per year is considered good in Illinois.

What is a good hourly wage to live comfortably? ›

Living Wage Calculation for California
1 ADULT2 ADULTS (BOTH WORKING)
0 Children0 Children
Living Wage$27.32$18.17
Poverty Wage$7.24$4.91
Minimum Wage$16.00$16.00

What is the IDH living wage? ›

A Living Wage is paid when a worker receives remuneration that is sufficient to afford a decent standard of living for the worker and her or his family in their location and time.

Is $25 an hour a livable wage? ›

An analysis of the living wage (as calculated in December 2022 and reflecting a compensation being offered to an individual in 2023), compiling geographically specific expenditure data for food, childcare, health care, housing, transportation, and other necessities, finds that: The living wage in the United States is ...

Is $25 an hour good? ›

Earning $25 per hour puts you well above the poverty line, especially if you're single. With careful budgeting and financial planning, $25 is still a viable hourly wage. Even though it's not a particularly high hourly rate, it's still well above the minimum wage rate in most areas.

What is the living wage in Chicago? ›

Living Wage Calculation for Cook County, Illinois
1 ADULT2 ADULTS (1 WORKING)
0 Children2 Children
Living Wage$23.69$41.67
Poverty Wage$7.24$15.00
Minimum Wage$14.00$14.00

Is $15 an hour poor? ›

“Most of us can't do the math in our heads. If we could, we'd realize that $15 an hour amounts to only $31,200 a year, assuming full-time work—about half of the U.S. median income and a painfully small amount for living and raising children in most American cities.” It can be painfully small outside of cities, too.

Is 70k a good salary for a single person? ›

If you are a single person in Los Angeles making around $70,000 a year, you are still considered low-income, according to a new statewide study. The California Department of Housing and Community Development released the report in June and found that income limits have increased in most counties across California.

What is considered good salary in Chicago? ›

The median salary in Chicago, IL is $65,250, with 80% of salaries falling between $31,668 and $143,550. Salaries in Chicago, IL are generally above the national average.

Is 100k enough to live in Chicago? ›

An $100,000 salary in Chicago can provide a comfortable lifestyle. You will have the means to cover essential expenses, enjoy dining out at restaurants, explore the city's cultural offerings, and partake in entertainment activities.

Is $50000 a good salary in Chicago? ›

A good salary in Chicago, IL is anything over $50,000.

Can I live in Chicago with 40k salary? ›

Of course, this was ~18 years ago, but $40k is very doable today. If you want a gay friendly neighborhood and has decent parking try Logan Square! I lived on the boulevard for 4 years with 2 other gay guys and a straight girl. My income was 36k at the time and our rent was 2400-2600 for a 4 bedroom.

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