Kewanee cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexKewaneeIllinoisNational
Cost of living index8198100
IndexKewaneeIllinoisNational
Goods & Services index9497100
Groceries index10697100
Health care index97100100
Housing index4399100
Transportation index97104100
Utilities index9895100
Here we can see a simple outline of the cost of living in Kewanee, IL. As you can see, with the average cost of living in Kewanee, IL being 81, that puts it 17% lower than the average of Illinois and 19% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Kewanee, IL, the price of goods and services are 3% lower than the average of Illinois as well as 6% lower than the nation's average.

Did you know?

  • The cost of living in Kewanee is 17% lower than the Illinois average.
  • The cost of living in Kewanee is 19% lower than the national average.
  • The cost of housing in Kewanee is 57% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Kewanee, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Kewanee, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Kewanee, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Kewanee, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,961$3,747$1,049$1,349
Renters$25,560$2,130$596$767
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Kewanee, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Kewanee, IL homeowners have a median income of $44,961. Using that number, you will come up with a maximum of $1,049 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,560, which means there is a maximum of $596 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
One thing to keep in mind when considering the cost of living in Kewanee, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemKewaneeNational avg.Difference
Haircut $13.70$15.5612.0%
Beauty Salon $22.83$36.1136.8%
Toothpaste $2.63$2.476.2%
Shampoo $1.32$0.9636.4%
Movie $10.49$10.133.6%
Bowling $5.00$4.745.6%

Groceries

ItemKewaneeNational avg.Difference
Ground Beef $4.15$3.984.1%
Fried Chicken $1.51$1.417.3%
Milk $2.66$2.0628.9%
Potatoes $3.47$2.9816.4%
Pizza $8.69$9.478.3%
Beer $8.35$8.795.0%

Health Care

ItemKewaneeNational avg.Difference
Optometrist $96.13$101.044.9%
Doctor $126.39$107.4417.6%
Dentist $75.69$90.4216.3%
Ibuprofen $9.29$9.280.1%
Lipitor $407.67$426.504.4%

Housing

ItemKewaneeNational avg.Difference
Home Price $59,600.00$175,700.0066.1%
Avg. Mortgage Payment $1,111.11$1,133.232.0%
Apartment Rent $586.00$920.0036.3%

Transportation

ItemKewaneeNational avg.Difference
Gasoline $1.94$1.992.7%
Tire Balancing $43.33$45.765.3%

Utilities

ItemKewaneeNational avg.Difference
All Electricity$140.29$163.8114.4%
Phone $32.99$28.3916.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
La Fayette, IL26680-20%
Victoria, IL34881-19%
Mineral, IL24681-19%
Altona, IL48281-19%
Buda, IL67182-18%
Kewanee, IL12,69481-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waianae, HI12,69415050%
Knightdale, NC12,6921022%
Camp Pendleton South, CA12,69113939%
Lindsay, CA12,688100-0%
Fruita, CO12,7021011%
Kewanee, IL12,69481-19%
Source: The Kewanee, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.