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The PCPI is adjusted by differences in the cost of living, called "regional price parities" by the Bureau of Economic Analysis. The effect of adjusting the per capita personal income by the cost of living is to narrow the difference in the standard of living between most high-income cities and most low-income cities.
The demographics of Chicago show that it is a very large, and ethnically and culturally diverse metropolis. It is the third largest city and metropolitan area in the United States by population. Chicago was home to over 2.7 million people in 2020, accounting for over 25% of the population in the Chicago metropolitan area, home to approximately ...
Population Per Capita Income 1 Montchanin, Delaware [2] 19710 68 654,485 2 Houston, Texas: 77010 76 283,189 3 Rockland, Delaware [3] 19732 77 279,424 4 Miami Beach, Florida: 33109 467 236,238 5 Pineland, Florida: 33945 79 162,075 6 Esopus, New York: 12429 51 155,540 7 Henderson, Nevada: 89012 175 148,899 8 Atherton, California: 94027 6,857 ...
On average, you’ll need a take-home pay of at least $41,000 to cover your primary expenses in Chicago, so the average U.S. salary of $63,795 is enough for Windy City living.
Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 2 San Jose-Santa Clara-Sunnyvale, California MSA 1,918,944 $40,392 3 Seattle-Tacoma-Bellevue, Washington MSA 3,611,644 $39,322 4 San Francisco-Oakland-Hayward, California MSA 4,122,177 $38,355 5
College-educated workers with considerably higher-than-average incomes and compensation; a man making $57,000 and a woman making $40,000 may be typical. Lower middle class (30%) Semi-professionals and craftsmen with a roughly average standard of living. Most have some college education and are white-collar. Lower middle class (32%)
As of September 2023, the average value of a single-family home in the Chicago area was just over $370,000 — about $20,000 above the U.S. average. But in parts of the area, home prices soar far ...
On July 21, 2023, the OMB delineated 14 combined statistical areas, 12 metropolitan statistical areas, and 21 micropolitan statistical areas in Illinois. [1] As of 2023, the largest of these is the Chicago-Naperville, IL-IN-WI CSA , comprising the area around Illinois' largest city, Chicago .