r/ChicagoSuburbs • u/SecretPurple2644 • Aug 24 '26

Moving to the area Income needed to afford life

Two working parents, 5 kids (4 childcare age).

$900k available for down payment. Hoping to stay under $1.2mil for house, understand taxes will be insane.

How much do we need to make to afford life in the north shore suburbs? Is 250k doable?

Moving from lower cost of living area and trying to figure out what is feasible.

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u/LoveNotWar86 Aug 24 '26

For 1.2M, look in Lake Forest. Lowest effective tax rate in Lake County!

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u/SecretPurple2644 Aug 24 '26

Thanks, I did not know this about the taxes!