is chicago one of the richest cities in america?

Question

if not the richest, because alot of people talk about loosing their jobs due to outsourcing, and downsizing, and manufacturing jobs being lost. in short massive unemployment since bush has been in office, but noooo nooo nooooo. not in chicago. houses and condos are springing up everywhere, people are driving newer cars, have nicer houses, spend alot eating out. i mean what gives? is chicago not a true representation of american posperity or lack of

keep in mind, i havent really ventured west o south

Answer 1

Are the condos selling? No. People can afford to eat out because they have credit cards. Can they pay the bill? Probably not. The median income in Chicago is around 50k. In Most of California it is around 70k. New York has the same high median income as California. What you're seeing in Chicago, is a downtown, south loop, and near north revitalization. This makes Chicago look great. Also, city government welcoming new businesses into the city with huge tax incentives which makes business want to stay here.

Answer 2

i would have to say the fancy cars and the nice houses are just a guise. chicago is still one of the economically stressed cities in America. Not only that its also one of the most segregated. So the upscale lifestyle you see in my opinion does not rep the actual population. At least not by race.

Answer 3

Here's a sample (50 top towns) from the Directory of Wealth*:
RANK
TOWN
POPULATION
MEDIAN PRICE

1.
Aspen, CO
5,049
$1,512,500

2.
Jupiter Island, FL
601
1,222,500

3.
Rolling Hills, CA
1,748
1,165,000

4.
Atherton, CA
7,500
1,150,000

5.
Matinecock, NY (LI)
880
1,070,000

6.
Hillsborough, CA
10,589
1,023,000

7.
Belvedere, CA
2,071
986,000

8.
Rancho Santa Fe, CA
12,300
963,000

9.
Los Altos Hills, CA
7,900
960,000

10.
Snowmass Village, CO
1,449
960,000

11.
Purchase, NY
4,205
950,000

12.
Sands Point, NY
2,477
950,000

13.
Saddle River, NJ
3,136
941,500

14.
North Hills, NY (LI)
3,748
895,000

15.
Old Brookville, NY (LI)
1,914
845,000

16.
Old Westbury, NY (LI)
4,204
810,000

17.
Hidden Hills, CA
1,879
790,000

18.
Portola Valley, CA
4,400
787,250

19.
Monte Sereno, CA
3,311
775,000

20.
Ross, CA
1,894
767,400

21.
Brookville, NY (LI) Upper
3,748
765,000

22.
Brookville, NY (LI)
1,560
765,000

23.
Alpine, NJ
1,849
755,000

24.
Beverly Hills, CA
34,116
750,000

25.
Woodside, CA
5,087
7742,500

26.
Kenilworth, IL
2,291
740,000

27.
Green Village, NJ
892
736,000

28.
Montecito, CA
10,000
731,000

29.
Bannockburn, IL
1,595
725,000

30.
Hunting Valley, OH
824
712,500

31.
Gulf Stream, FL
789
710,000

32.
Oyster Bay Cove, NY (LI)
2,240
700,000

33.
Bloomfield Hills, MI
4,587
695,000

34.
Muttontown, NY (LI)
3,107
680,000

35.
Palm Beach, FL
9,894
675,000

36.
Diablo, CA
1,158
672,500

37.
Saratoga, CA
27,527
659,500

38.
Kentfield, CA
6,296
655,000

39.
Mill Neck, NY (LI)
985
655,000

40.
Greenwich, CT
36,504
651,000

41.
Palos Verdes Estates, CA
12,847
650,000

42.
Marina del Rey, CA
7,431
645,000

43.
Bronxville, NY
5,992
640,000

44.
New Canaan, CT
17,656
637,500

45.
Kings Point, NY (LI)
4,821
635,000

46.
New Vernon, NJ
722
632,500

47.
Los Altos, CA
27,988
625,000

48.
Wailea, HI
3,798
625,000

49.
Laurel Hollow, NY (LI)
1,784
624,700

50.
Lattingtown, NY (LI)
1,892
610,000

Answer 4

yes