Pekin, IL Cost Of Living

Pekin 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.
Index	Pekin	Illinois	National
Cost of living index	89	99	100
Index	Pekin	Illinois	National
Goods & Services index	107	101	100
Groceries index	92	97	100
Health care index	98	101	100
Housing index	60	95	100
Transportation index	103	105	100
Utilities index	99	96	100

Displayed above is a general overview of the Pekin, IL cost of living index. The overall cost of living index in Pekin, IL is 89, which is 9% lower than the Illinois average and 11% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Pekin, IL are 6% higher than the Illinois average and 7% higher than the national average.

Did you know?

The cost of living in Pekin is 9% lower than the Illinois average.
The cost of living in Pekin is 11% lower than the national average.
The cost of housing in Pekin is 40% 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.

Find Real Estate Listings In Pekin

New Real Estate Listings In Pekin

The best places in Illinois

Here are the best places to live in Illinois

See the best places to live in & around Pekin

10 Best cities in Illinois for employment

10 best cities to buy a new house in Illinois

Compare Pekin, IL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Pekin, IL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Pekin, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Pekin, IL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,662	$4,889	$1,369	$1,760
Renters	$30,080	$2,507	$702	$902

The affordability of the housing market in Pekin, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pekin, IL homeowners, the median income is $58,662. This indicates that a monthly maximum of $1,369 should be spent by homeowners on all housing related costs. Renters have a median income of $30,080. This indicates that renters should have a maximum of $702 used for their rent related monthly costs.

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	3.75%	3.75%

The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Pekin, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Item	Pekin	National avg.	Difference
Haircut	$15.44	$16.09	4.0%
Beauty Salon	$39.47	$37.33	5.7%
Toothpaste	$2.32	$2.45	5.3%
Shampoo	$0.94	$1.00	6.1%
Movie	$9.44	$10.28	8.1%
Bowling	$4.60	$4.93	6.7%

Groceries

Item	Pekin	National avg.	Difference
Ground Beef	$3.66	$3.80	3.8%
Fried Chicken	$2.18	$1.40	55.8%
Milk	$1.29	$2.01	35.7%
Potatoes	$3.05	$3.01	1.4%
Pizza	$12.88	$9.89	30.3%
Beer	$8.32	$8.90	6.5%

Health Care

Item	Pekin	National avg.	Difference
Optometrist	$120.83	$102.16	18.3%
Doctor	$105.64	$108.36	2.5%
Dentist	$89.18	$92.53	3.6%
Ibuprofen	$7.95	$9.28	14.3%
Lipitor	$430.93	$425.82	1.2%

Housing

Item	Pekin	National avg.	Difference
Home Price	$103,500.00	$184,700.00	44.0%
Avg. Mortgage Payment	$1,165.69	$1,202.44	3.1%
Apartment Rent	$657.00	$949.00	30.8%

Transportation

Item	Pekin	National avg.	Difference
Gasoline	$2.38	$2.24	5.9%
Tire Balancing	$45.66	$46.29	1.4%

Utilities

Item	Pekin	National avg.	Difference
All Electricity	$157.67	$165.96	5.0%
Phone	$29.99	$28.68	4.6%

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, State	Population	Cost of Living Index	National Avg.
Forest City, IL	225	85	-15%
Kingston Mines, IL	313	86	-14%
South Pekin, IL	1,140	87	-13%
Creve Coeur, IL	5,653	87	-13%
Glasford, IL	1,234	88	-12%
Pekin, IL	34,003	89	-11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Dana Point, CA	34,009	184	84%
Houma, LA	34,052	93	-7%
Chester, PA	34,056	90	-10%
El Mirage, AZ	33,937	97	-3%
Kyle, TX	34,080	96	-4%
Pekin, IL	34,003	89	-11%

Source: The Pekin, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Pekin, IL Cost of Living