So after taxes and such you would have $1,800 a month of $25K/year. $100K in student loan debt is around another $800. So that leaves you with about a grand for everything else (rent, food, transportation, etc.). Yes, that's doable but that's not much of a life, is it? I meant the 25K per year for people not having any/much debt. It may be difficult starting out, but I know plenty of folks who moved up here after college and did just that.Also, someone making $25K a year will not take home $1,800 a month after taxes and benefits and whatnot. It will be less than that by a considerable amount (especially if there is a state income tax). I'd count on monthly take-home being closer to $1,600.
plausibility of living in Chicago was incorrect. I doubt the exact numbers were the point of the response.
Quote from: 1s2io72 on December 17, 2007, 06:53:21 PM plausibility of living in Chicago was incorrect. I doubt the exact numbers were the point of the response. That's great and all, but I was simply pointing out that what was posted was incorrect. I don't see what the big deal is here. I am not ripping anybody or anything. I am just saying that while debt certainly is a consideration, you can actually live in this city on much less than most people would think. That's it. So if someone really wants to live in Chicago, they shouldn't be scared away by the fact that their take-home pay (after taxes and loans) is relatively low.