Chicago, United States
-10% vs Chicago avgEdgewater is a relatively affordable area in Chicago, with a cost of living index of 65.9 — that is -10% compared to the Chicago average. At #16 of 27, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around $1,800/month, compared to a range of $1,500 in Portage Park to $2,500 in Gold Coast.
For a typical resident of Edgewater, housing takes up roughly 40% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $72,000 before tax.
Salaries in Edgewater reflect the local cost of living. Based on the neighborhood COLI of 65.9:
After tax and deductions of 24.6% in United States, take-home pay for someone earning $72,000 would be roughly $54,288/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $49,425 salary in Edgewater, Chicago (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Edgewater would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $49,425 |
| London | GBP | £42,534 |
| Dubai | AED | AED 247,312 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Gold Coast | 91.5 | 1.25x | +25% |
| River North | 89.3 | 1.22x | +22% |
| The Loop | 87.8 | 1.20x | +20% |
| West Loop | 86.4 | 1.18x | +18% |
| Lincoln Park | 84.2 | 1.15x | +15% |
See exactly what you need to earn in Edgewater, Chicago to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Edgewater:
Edgewater is one of the more affordable neighborhoods in Chicago. It costs about -10% less than the city average, ranking #16 out of 27 neighborhoods.
The cost of living in Edgewater is below the Chicago average. With a multiplier of 0.90x, everyday expenses including rent, food, and transportation are -10% compared to the city baseline.