1The numbers in the suburbs
Most building departments here work from the International Residential Code. Under it, every basement sleeping room needs its own escape opening, and a finished basement needs one even if nobody sleeps down there. The opening needs 5.7 square feet net clear, at least 24 inches high, at least 20 inches wide, with a sill no more than 44 inches above the floor.
Below grade it also needs a well of at least 9 square feet with a 36 inch projection, and a permanent ladder if the well is deeper than 44 inches. Your village may amend those rules, and some go further. We check the local version before the room is drawn.
