Is $40k a good salary in Chicago, IL?
tight A $40k salary is 56% below the median household income here ($90,887). After tax you take home about $2,695 a month, and median rent ($1,430) takes 53% of that.
$32,340 take-home a year
| Gross pay | $40,000 |
| Federal income tax | −$2,620 |
| Social Security + Medicare | −$3,060 |
| Illinois income tax (approx.) | −$1,980 |
| Monthly take-home | $2,695 |
| Every two weeks | $1,244 |
$38,612What $40k buys in Chicago, IL, expressed in average-US prices (price level 103.6).
53%Rent share of take-home. Under 25% is comfortable, 25–35% workable, above 35% tight.
Jobs that pay about $40k in Chicago, IL
- Laborers and Freight, Stock, and Material Movers, Hand $40,550
- Home Health and Personal Care Aides $38,180
- Stockers and Order Fillers $38,450
- Janitors and Cleaners, Except Maids and Housekeeping Cleaners $38,470
- Security Guards $39,990
- Miscellaneous Assemblers and Fabricators $43,650
- Teaching Assistants, Except Postsecondary $37,840
- Cooks, Restaurant $38,930
Other salaries in Chicago, IL
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Median household income and rent: Census 2024 ACS 5-year. Household income covers all earners, so compare with care if you live alone. Take-home is an estimate for a single filer.