GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Living In Illinois

The average cost of living in Illinois is slightly higher than the national average, with housing expenses being the biggest contributor.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the average cost of living in Illinois based on various statistical indicators. From the price of groceries and housing to taxes, utilities, transportation, and entertainment expenses, we will provide a comprehensive overview of what it costs to live in the state of Illinois. These statistics offer insight into the financial aspects that residents need to consider when budgeting and planning their expenses in Illinois.

Statistic 1

"The average cost of groceries in Illinois is about 4% higher than the national average."

Statistic 2

"The average home cost in Illinois is around $200,000 as of 2023."

Statistic 3

"The average household income in Illinois is around $68,000 per year as of 2023."

Statistic 4

"Illinois residents pay an average of $5,000 per year in property taxes on a median-valued home."

Statistic 5

"The average monthly internet bill in Illinois is approximately $60."

Statistic 6

"The average cost of gasoline in Illinois is $3.50 per gallon as of 2023."

Statistic 7

"The average cost of living in Illinois ranks approximately tenth highest in the United States."

Statistic 8

"Utilities in Illinois, including electricity, heating, cooling, water, and garbage, cost an average of $150 per month."

Statistic 9

"The average state income tax rate in Illinois is a flat 4.95%."

Statistic 10

"The average annual cost for higher education tuition in Illinois is around $13,000 for in-state public universities."

Statistic 11

"Illinois has a sales tax rate ranging from 6.25% to 11.0%, varying by location."

Statistic 12

"Illinois has an average cost of $50 for a basic cable TV package per month."

Statistic 13

"The average monthly public transportation cost in major Illinois cities is around $100."

Statistic 14

"A typical gym membership in Illinois costs around $40 per month."

Statistic 15

"The average cost of childcare in Illinois is approximately $12,000 per year for an infant."

Statistic 16

"The overall cost of living index in Illinois is around 94.3, which is slightly below the national average of 100."

Statistic 17

"The average cost of car insurance in Illinois is about $1,400 per year."

Statistic 18

"Health care costs in Illinois are about 3% higher than the national average."

Statistic 19

"The median rent for a one-bedroom apartment in Illinois is about $1,000 per month."

Statistic 20

"Dining out in Illinois will cost around $15 per meal at an inexpensive restaurant."

Overall, the average cost of living in Illinois presents a mixed picture with some expenses higher and others slightly below the national average. While groceries, home prices, property taxes, utilities, and healthcare costs are notably higher, the state offers relatively affordable internet, cable TV, public transportation, and gym memberships. The average household income in Illinois is solid, but residents must navigate varying sales tax rates and higher education costs. With a cost of living index slightly below the national average, Illinois ranks in the top ten for affordability within the United States, emphasizing the importance of budgeting and financial planning for residents to manage their expenses effectively.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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