Moving to Illinois
Moving to Chicago for work: costs, taxes, and timeline
In Chicago, the median one-bedroom rents for $2,190 a month, and typical fixed bills add $255 on top. A $120,000 salary leaves about $7,276 a month after tax, and roughly $4,281 free once rent, utilities, groceries, and transport are paid. Illinois charges a flat 4.95% state income tax. Before your first paycheck, have $9,500–$14,000 in cash ready.
By the numbers
- Median 1BR rent
- $2,190/mo
- Zumper, Jul 2026
- Fixed monthly bills
- $255/mo
- utilities, internet, phone, renters insurance
- Sales tax
- 10.5%
- Illinois charges a flat 4.95% state income tax
What each salary actually leaves you
Annual take-home is after federal tax, Social Security, Medicare, and state and local income tax. The monthly leftover then subtracts median rent, the fixed bills above, $400 of groceries, and $150 of transport — so it's what remains for savings, travel, dining out, and anything you send home.
| Salary | Take-home / yr | Per month | Left after rent & bills | Effective rate |
|---|---|---|---|---|
| $80,000 | $61,150 | $5,096 | $2,101 | 23.6% |
| $100,000 | $74,230 | $6,186 | $3,191 | 25.8% |
| $120,000 | $87,310 | $7,276 | $4,281 | 27.2% |
| $150,000 | $106,366 | $8,864 | $5,869 | 29.1% |
Cash for your first 60 days
Before your first paycheck clears, Chicago asks for money up front: first month plus deposit, a guarantor fee if you have no US credit history, temporary housing while you apartment-hunt, utility deposits, and a buffer. Plan on $9,500–$14,000 — the high end includes a car down payment.
23 dated tasks and 2 verified gotchas
Your roadmap puts each of these on a real date, counted back from your move day — including the traps that only bite if nobody warned you:
- If a building won't accept Nova Credit, a lease guarantor can unblock you
- No SSN yet? Utility and internet providers will ask for one anyway
- Confirm your visa strategy with your employer
- Map your visa process with your employer
One thing people get wrong here
Chicago's combined sales tax rose to 10.5% on August 1, 2026 to fund transit — among the highest of any major US city, so big purchases cost noticeably more at the register than the tag suggests.
Common questions
How much do you need to earn to live comfortably in Chicago?
With the median one-bedroom rent ($2,190/mo) and typical fixed bills of $255/mo, a $80,000 salary (single filer) leaves roughly $2,101/mo free after taxes, rent, utilities, groceries, and transport. Below that the budget tightens quickly in Chicago.
How much is rent in Chicago?
The median one-bedroom apartment in Chicago rents for about $2,190 per month (Zumper, Jul 2026). Budget for first month plus deposit up front as well, and a guarantor fee if you don't have US credit history yet.
What is take-home pay on $120,000 in Chicago?
A $120,000 salary (single filer) leaves roughly $87,310 a year — about $7,276 a month — after federal tax, Social Security, Medicare, and state and local income tax. That's a 27.2% effective rate. Illinois charges a flat 4.95% state income tax.
How much money should I have saved before moving to Chicago?
Plan on $9,500–$14,000 in accessible cash for your first 60 days in Chicago: first month plus deposit, a guarantor fee without US credit history, temporary housing while you search, utility setup, and a buffer. The high end includes a car down payment.
Does Illinois have a state income tax?
Illinois charges a flat 4.95% state income tax. Combined sales tax in Chicago runs 10.5%.
What should I know about Chicago that I wouldn't guess?
Chicago's combined sales tax rose to 10.5% on August 1, 2026 to fund transit — among the highest of any major US city, so big purchases cost noticeably more at the register than the tag suggests.
Run your own numbers
Every figure on this page comes from these free tools, and they all take your real salary:
Coming from a specific country?
Rent is the median one-bedroom from Zumper; tax math follows the 2026 IRS and state schedules; fixed bills are conservative national-typical figures. These are planning estimates, not tax or legal advice — your building, plan, and circumstances will differ.