Chicago
Chicago, on Lake Michigan in Illinois, is among the largest cities in the U.S. Famed for its bold architecture, it has a skyline punctuated by skyscrapers such as the iconic John Hancock Center, 1,451-ft. Willis Tower (formerly the Sears Tower) and the neo-Gothic Tribune Tower. The city is also renowned for its museums, including the Art Institute of Chicago with its noted Impressionist and Post-Impressionist works.
History
The largest city of the American Midwest, Chicago, Illinois, was founded in 1830 and quickly grew to become, as Carl Sandburg’s 1916 poem put it, “Hog Butcher, Tool Maker, Stacker of Wheat, Player with Railroads and Freight Handler to the Nation.” Established as a water transit hub, the city evolved into an industrial metropolis, processing and transporting the raw materials of its vast hinterland.
Population
Chicago is a city located in Cook County Illinois. It is also the county seat of Cook County. With a 2020 population of 2,679,080, it is the largest city in Illinois and the 3rd largest city in the United States . Chicago is currently declining at a rate of -0.28% annually and its population has decreased by -0.61% since the most recent census, which recorded a population of 2,695,600 in 2010. Chicago reached it’s highest population of 3,620,960 in 1950. Spanning over 234 miles, Chicago has a population density of 11,783 people per square mile.
The average household income in Chicago is $90,713 with a poverty rate of 18.39%. The median rental costs in recent years comes to $1,112 per month, and the median house value is $258,000. The median age in Chicago is 34.6 years, 33.9 years for males, and 35.4 years for females.
Income
The median household income in Chicago, IL in 2019 was $61,811, which was 11.9% less than the median annual income of $69,187 across the entire state of Illinois. Compared to the median income of $38,625 in 2000 this represents an increase of 37.5%. The per capita income in 2019 was $40,277, which means an increase of 49.9% compared to 2000 when it was $20,175.
Climate
Chicago, Illinois gets 38 inches of rain, on average, per year. The US average is 38 inches of rain per year.
Chicago averages 35 inches of snow per year. The US average is 28 inches of snow per year.
On average, there are 189 sunny days per year in Chicago. The US average is 205 sunny days.
Economy
Chicago has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Chicago
– The Sales Tax Rate for Chicago is 10.3%. The US average is 7.3%.
– The Income Tax Rate for Chicago is 5.0%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Chicago
– The average income of a Chicago resident is $28,623 a year. The US average is $28,555 a year.
– The Median household income of a Chicago resident is $47,831 a year. The US average is $53,482 a year.
Notable People or Businesses
1. Boeing
2. United
3. Veolia Environmental Services North America
4. JLL
5. Grant Thornton
6. Aon
7. LKQ
8. Hyatt Hotels
9. RR Donnelley
10. H Group Holding
