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phatboyslim | 7 years ago
- Taxes are extremely high here, with no sign of slowing down
- Political corruption is rampant in the state
- Crime is mostly relegated to south side of city, but it's still an issue
- Public works are decaying: train stations, airport, and everything else look like they need work
- Schools are undesirable and a magnet/charter school has very high competition.
My wife and I have lived here our whole lives and are considering joining several friends who have recently moved to the Nashville area to alleviate the above mentioned items. There is no state income tax in TN, public schools in suburbs are good w/ only a 20 minute drive into the city. There are some drawbacks but we're comfortable with the trade-off.
60654|7 years ago
1. Effective property tax rate: SF ~1.2%, Chicago ~1.7% *
2. State income tax: SF 9.3%+, Chicago 4.95%
3. Combined state, county + city sales tax: SF 8.5%, Chicago 10.25%
(* But property taxes do get much higher in the suburban townships!)
Altogether, the lower state income tax more than offsets the slightly higher property tax.
But taxes is a favorite bugbear in local political campaigns, because they're an easy item for politicians to harp on (who doesn't want lower taxes after all?). The other day I saw a political ad where the actor proclaimed, "I'm moving out of Illinois because taxes are too high! Support XYZ for governor." But let's be honest, uprooting one's family just to optimize a few percentage points on the tax return is a terrible idea. And as long as there are good jobs available, taxes are just one living expense among many.
As for the other items, I can't agree with them either. Chicago Public Schools are totally fine - they're very much focused on educating working-class and/or immigrant kids, so they're not like rich suburban schools with all the bells and whistles, but they do their job very well. And the magnet schools are top notch. Public works are a patchwork, but for example CTA is very well funded and runs much better than either MTA or MUNI. As for corruption - ok, I'll give you that one. ;)
lotsofpulp|7 years ago
https://graphics.wsj.com/table/Connecticut_102015
Combined with the fact that the rest of IL isn't burgeoning, and that Chicago is the main source of income, it would be prudent to expect ever increasing taxes and reduced services. Other states also have problems, but there are a few states whose problems are in another league.
Personally, I would need a big discount to consider Chicago, as being outdoors is a big part of my life.
phatboyslim|7 years ago
My evidence on the other items is anecdotal, but that is my opinion and I'm understanding of the fact others may disagree.
RightMillennial|7 years ago
leisureforce|7 years ago
unknown|7 years ago
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ewams|7 years ago
ordinaryperson|7 years ago
foobarandgrill|7 years ago