As title says, I am from Kansas and I am about to get a new opportunity that requires me to relocate to Chicago. My wife is non-IT and we have a toddler. My wife earns about 45-50K. And I earn about 120K (current compensation). Haven't heard the final compensation from the new role.
I am not sure how much we should be earning to live a comfortable life. We have a house which is more than 3K sqft.. mortgage is little over 3K and we have daycare which about 1600/month.. with this lifestyle how much should I expect for a base pay for Chicago? Since the RSU won’t be something I will be able to use immediately for a day to day expenses..
Also where should I be looking for houses for good schools.
Any help would be appreciated.
TIA
#relocation #chicago
EDIT: This position is hybrid so, I will probably be going to office twice a week
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Health Care & Insurance
Travel
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Oak Park as recommended is very nice and has good schools but also is expensive. Berwyn is close and honestly just as nice (not as sure about the schools). Naperville is also decent.
Neighborhoods in the city that might be good: Jefferson Park or Garfield Ridge/Clearing you’d probably be able to find a house at your budget and they’re safe but a bit of a commute, also hope you like airplanes. Closer to the city I’d try West Loop (expensive) or Pilsen/Bridgeport (less expensive).
If you're looking for a 3k sq ft place in the city you're going to be paying a lot more than what you're paying now.
Take a look at Oak Park if you want to stay near the city, good schools and more likely to find a home.
If you want to be further away and don't mind commuting I would recommend Naperville. It had a nice downtown area and but the train commute is over an hour one way.
Maybe things are a bit different during workdays, I'd listen to liai15 over my own experience on that.