Chart of the day

Posted: 27 August 2015 in Uncategorized
Tags: , , ,

Chicago

According to the Economic Policy Institute, a household in the Chicago area (2 adults and 2 children) needs $71,995 a year in order to attain “a secure yet modest standard of living.”

chicago-median

Most households in Chicago clearly don’t achieve that level of income. Median household income in 2013 (the 2014 figures aren’t due out until September) was only $60,564. That’s just about the same as the amount of income a family consisting of 2 adults and 1 child would need ($60,674) to sustain a secure but modest standard of living.

To be clear: that’s in terms of the median. So, fifty percent of Chicago-area households bring in less income than that.

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