Chart of the day

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


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.”


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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