The median home cost for the state of Illinois is $183,700, well below the national average of $231,200. Residents looking to rent throughout the state can expect to pay $900 for a one-bedroom apartment, below the national median of $930.
Is Illinois a cheap place to live?
Even if the community of your dreams isn’t on the top 10 list, there are still plenty of other cheap places to live in Illinois that are below the state average. Here are the top 25.
The 25 cheapest places to live in Illinois.
| Rank | 2 |
|---|---|
| City | Charleston |
| 1-BR Average Rent Price | $488 |
| YoY Average Rent Price Chanage | 3.65% |
Is it expensive to rent in Chicago?
As of June 2019, Chicago ranks 11th in terms of average rental prices in large American cities. This means Chicagoans pay relatively low rents for a major city (especially compared to San Francisco, where the average rent is a staggering $3,700).
What is the cost of living like in Illinois?
Our cost of living indices are based on a US average of 100. An amount below 100 means Illinois is cheaper than the US average.
Illinois cost of living is 93.4.
| COST OF LIVING | Illinois | United States |
|---|---|---|
| Overall | 93.4 | 100 |
| Grocery | 94 | 100 |
| Health | 97.2 | 100 |
| Housing | 79.5 | 100 |
What is the most expensive state to rent in?
Hawaii is the most expensive state in which to rent, with a median gross rent of $1,651. In Hawaii, nearly 40% of housing units are occupied by renters, above the 35.6% U.S. share and the fifth highest share among states. Generally, the states with the highest rents tend to have higher household incomes.
Is it worth living in Illinois?
Illinois is the 18th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list. WalletHub compared all 50 states across five metrics covering affordability, economy, education and wealth, quality of life and safety.
Where is it cheapest to live in Illinois?
“The absolute cheapest place to live in Illinois for 2021 is Litchfield, a small city located between St. Louis and Springfield.
This Is The Cheapest Place To Live In Illinois
- Litchfield.
- Clinton.
- Pana.
- Creve Coeur.
- Hillsboro.
- Monmouth.
- Hooperston.
- Paris.
What is a livable salary in Chicago?
Living Wage Calculation for Cook County, Illinois
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $19.29 | $19.75 |
| Poverty Wage | $6.19 | $5.28 |
| Minimum Wage | $12.00 | $12.00 |
What’s a good salary in Chicago?
A good salary in Chicago, IL is anything over $50,000. That’s because the median income in Chicago is $50,000, which means if you earn more than that you’re earning more than 50% of the people living in Chicago. The average salary in Chicago is $60,132. A good hourly wage in Chicago is $24.04 per hour.
What is the average wage in Chicago?
Full Time Salary in Chicago, IL
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $68,371 | $33 |
| 75th Percentile | $36,498 | $18 |
| Average | $46,442 | $22 |
| 25th Percentile | $25,703 | $12 |
What is Illinois minimum wage?
$12.00
Q4: What is the current Cook County Minimum Wage?
| Illinois State Minimum Wage Chart | ||
|---|---|---|
| 1/1/20 | $9.25 | $8.00 |
| 7/1/20 | $10.00 | $8.00 |
| 1/1/21 | $11.00 | $8.50 |
| 1/1/22 | $12.00 | $9.25 |
Can I afford to live in Illinois?
It is possible to live comfortably in the state, earning less than the national average. You can save money by moving to areas throughout the state. However, while Illinois is more affordable, Chicago isn’t. According to PayScale, the cost of living in Chicago is 23% higher than the national average.
What is a good salary for Illinois?
Avg. Base Salary (USD)
State Of Illinois pays an average salary of $74,750 and salaries range from a low of $64,910 to a high of $86,014.
What state is the cheapest rent?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Where should you not live in Illinois?
The 20 Worst Places to Live in Illinois
- Alton.
- Peoria.
- Springfield.
- Rockford.
- Carbondale.
- Metropolis.
- Chicago. For those who live in Chicago, it may not surprise them to learn that the city is one of the worst locations to live in the state.
- Matteson. Matteson is a suburb of Chicago that is home to 19,336 people.
What are the cons of living in Illinois?
What are the Pros and Cons of Living in Illinois?
- The crime rate is higher in Illinois.
- There’s high competition for jobs.
- Taxes are frightening in Illinois.
- Traffic is scary in Illinois.
- The climate is unpredictable and winters are extremely harsh.
- Illinois is prone to natural disasters.
Why Illinois taxes are so high?
The city’s eight pension funds have accumulated nearly $45 billion in debt, more debt than 44 U.S. states. Local governments across Illinois have pension debt worth $63 billion that causes property taxes to rise each year.
What is the safest place to live in Illinois?
The Top 10 Safest Cities in Illinois
- Manhattan.
- Hawthorn Woods.
- Gilberts.
- Huntley.
- Hinsdale.
- Justice.
- La Grange Park.
- Naperville.
Is Illinois an affordable state?
Illinois enjoyed the ninth lowest cost of living in the United States for the third quarter of 2021, according to the Missouri Economic Research and Information Center (MERIC ).