Quick Answer: How Much Does The Average Person Make In Illinois?

What is the number 1 school in Illinois?

Illinois High School RankingsSchoolRankSchoolGrades1Jones College Prep High School9-122Northside College Preparatory High School9-123Payton College Preparatory High School9-127 more rows•Oct 30, 2019.

How many billionaires live in Illinois?

18 billionairesForbes magazine reports that its annual review of the super-wealthy in the United States revealed Illinois has just 18 billionaires out of a population of 12.5 million.

What is considered low income in Illinois?

The poverty level in Illinois is based on the federal level. Illinois uses the federal poverty limit as its base for determining poverty in the state, which means the poverty line for a family of four is $26,200 annually and $2,183 monthly.

What is considered a good salary in Illinois?

$60,000 is about the median income for a family of two (Area Median Income (AMI) chart ) in the Chicago area. This means that half of Chicago households of two live on less money, half on more. The median for a 1 person household is $53,000, and for a 4 person household it is $76,000.

How much do you need to make to live comfortably in Illinois?

Typical Expenses1 ADULT2 ADULTS (BOTH WORKING)0 Children1 ChildRequired annual income after taxes$23,836$52,594Annual taxes$4,444$9,884Required annual income before taxes$28,280$62,4786 more rows

What is the minimum wage in Illinois 2020?

$9.25 an hourMinimum wage earners received two increases in 2020 to $9.25 an hour on January 1 followed by an increase to $10 an hour on July 1. Officials say the minimum wage will continue to increase an additional $1 an hour each January 1 until it reaches $15 an hour in 2025.

What is the richest town in Illinois?

WinnetkaWinnetka, Illinois Winnetka is one of only 12 towns and villages nationwide — and the only one in Illinois — where the typical household earns at least $200,000 a year. One of the wealthiest villages in the United States, Winnetka is also the best educated.

What is the richest city in Illinois?

WinnetkaWinnetka is a village in Cook County, Illinois, United States, located 16 miles north of downtown Chicago. The population was 12,187 at the 2010 census. The village is one of the wealthiest places in the nation in terms of household income, and the richest in Illinois.

What is considered a living wage in Illinois?

$11.08 per hourThe minimum wage in Illinois is set at $8.25 per hour, which is a $1 more than the federal minimum wage. However, the statewide living wage is estimated at $11.08 per hour for a single adult, and $22.96 per hour for an adult raising one child, and thus out of minimum wage earners’ reach without working overtime.

What’s the poorest city in Illinois?

CentrevilleWith a median annual household income of $16,715, Centreville is not only the poorest town in Illinois, but also the poorest in the United States. The median household income in both Illinois and the United States as a whole is more than three times the median income in Centreville.

What’s the poorest county in Illinois?

The Center Square Alexander was ranked the poorest county in Illinois in a Wall St. 24/7 analysis of the least affluent regions in all 50 states. Alexander recorded a median household income of $31,014 annually, based on 2017 U.S. Census Bureau data.

What salary do you need to live comfortably in Chicago?

To live comfortably in Chicago–factoring in housing costs, transportation, utilities, and groceries–you’ll need to make around $94,917 as a renter or $84,765 as a homeowner. Unfortunately for many Chicagoans, the median income in the city is only $52,497, leaving a discrepancy of at least $32,000 on average.