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? ›

Cook County Living Wage Ordinance

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

What is the living wage in Naperville IL? ›

Cook County Living Wage Ordinance

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

What salary do I need to live in Chicago? ›

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. Total salary needed for two working adults with two children: $241,280.

How is livable wage calculated? ›

The federal and state income and payroll taxes are added to the annual family budget less taxes, yielding the total annual family budget needed to meet all basic needs, including tax. The total annual family budget is then divided by the total number of workers in a family.

What is the minimum wage in Naperville IL? ›

Naperville, IL minimum wage rate is $11.0 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.

What is the living wage for Chicago? ›

Living Wage Calculation for Chicago-Naperville-Elgin, IL
1 ADULT2 ADULTS (1 WORKING)
0 Children1 Child
Living Wage$24.16$38.03
Poverty Wage$7.24$12.41
Minimum Wage$14.00$14.00

What is a good salary in Naperville IL? ›

Top Salary in Naperville, IL
Annual SalaryMonthly Pay
Top Earners$132,302$11,025
75th Percentile$105,300$8,775
Average$90,345$7,528
25th Percentile$59,900$4,991

What is the minimum wage in Elgin, Illinois? ›

The Illinois minimum wage is increasing to $14 per hour on Jan. 1, 2024 for non-tipped employees ages 18 and over. Minors (ages 18 and under) may be paid a minimum wage of $12.00 per hour.

Is 75k 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.

How much money do you need to live comfortably in Illinois? ›

SmartAsset's report suggests the average family with two working adult raising a pair of children in Illinois must make at least $231,962 per year to live comfortably. That ranks Illinois 18th in the country, too, between Virginia ($235,206 per year) and Arizona ($230,630 per year).

Can I live off of $20 an hour? ›

Earning $20 an hour can provide a decent living in some parts of the country, while it might be more challenging in others. Understanding how your hourly wage translates into weekly, monthly, and yearly income is essential for budgeting, financial planning, and making smart career decisions.

What is a livable salary for a single person? ›

But just how much does a single person in California need to make to live comfortably? A new study from Smart Asset determined that a person must make at least $ 89,190 to get by comfortably.

Is $25 an hour good? ›

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. Keep in mind that your take-home pay will also be affected by things like benefits, overtime pay, and possible bonuses.

What is the minimum wage in Chicago, IL? ›

Some of the new laws in effect for 2024 could impact your paycheck. CHICAGO (WLS) -- The minimum wage in Illinois has now increased. Workers will see an increase of a dollar per hour , from $13-an-hour to $14-an-hour.

What is the minimum wage in Cook County Illinois 2024? ›

42-13) and rules (Sec. 2.04), the County's minimum wage calculation may not be used when the unemployment rate in Cook County is 8.5% or greater. As of July 1, 2024, the minimum wage in Cook County increased to $14.05 per hour. The base wage for tipped employees remains $8.40 per hour.

What is the mean income in Naperville Illinois? ›

The median household income in the Naperville city, IL is $127,648 and the median house value is $424,800.

How much does it cost to live in Naperville IL? ›

The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Naperville is $41,942 a year — greater than the annual cost of living for Illinois of $37,387 and greater than the national figure of $38,433.

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

Illinoisans would need a minimum income of $49,372 to live comfortably. That income will be harder to stretch if you live in downtown Chicago, where Apartments.com says the average rent is $1,777 a month.

What is the average household income in Naperville IL? ›

The average household income in Naperville is $184,743 with a poverty rate of 4.33%. The median age in Naperville is 39.5 years: 38.9 years for males, and 39.9 years for females. Naperville is a city that is located in the state of Illinois. It is located within both Will and DuPage counties.

What is a decent salary in Illinois? ›

$40,798 is the 25th percentile. Salaries below this are outliers. $68,020 is the 75th percentile.

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