Champaign, Illinois Cost Of Living

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C+

Overall 8%

Goods & Services 11%

Housing 15%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Champaign	Illinois	National
Cost of living	92	98	100
Goods & Services	89	98	100
Groceries	91	97	100
Health care	101	100	100
Housing	85	95	100
Transportation	105	112	100
Utilities	108	97	100

Key findings

The cost of living in Champaign is 6% lower than the Illinois average
The cost of living in Champaign is 8% lower than the national average
Champaign housing is 15% lower than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% higher than the national average

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Price difference in compared to

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,267	$6,272	$1,756	$2,258
Renters	$25,837	$2,153	$603	$775

The affordability of the housing market in Champaign, IL as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Champaign homeowners, the median income is $75,267. This indicates that a monthly maximum of $1,756 should be spent by homeowners on all housing related costs. Renters have a median income of $25,837. This indicates that renters would have a maximum of $603 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	4.95%	4.95%

Goods & Services

Item	Champaign	National avg.	Difference
Haircut	$20.00	$17.49	14.4%
Beauty Salon	$44.33	$38.17	16.1%
Toothpaste	$2.16	$2.32	6.9%
Shampoo	$0.93	$1.01	8.1%
Movie	$10.00	$10.72	6.8%
Bowling	$14.33	$13.86	3.4%

Groceries

Item	Champaign	National avg.	Difference
Ground Beef	$3.60	$3.90	7.7%
Fried Chicken	$1.24	$1.40	11.2%
Milk	$1.84	$1.96	6.2%
Potatoes	$3.22	$3.18	1.2%
Pizza	$12.58	$10.39	21.0%
Beer	$8.31	$9.23	10.0%

Health Care

Item	Champaign	National avg.	Difference
Optometrist	$78.80	$106.34	25.9%
Doctor	$120.00	$115.25	4.1%
Dentist	$101.00	$98.38	2.7%
Ibuprofen	$9.76	$9.26	5.4%
Lipitor	$487.38	$466.47	4.5%

Housing

Item	Champaign	National avg.	Difference
Home Price	$152,000.00	$184,700.00	17.7%
Avg. Mortgage Payment	$979.79	$1,273.32	23.1%
Apartment Rent	$877.00	$949.00	7.6%

Transportation

Item	Champaign	National avg.	Difference
Gasoline	$2.86	$2.59	10.3%
Tire Balancing	$48.00	$48.90	1.8%

Utilities

Item	Champaign	National avg.	Difference
All Electricity	$186.40	$167.60	11.2%
Phone	$188.52	$163.42	15.4%

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.
Ivesdale, IL	251	81	-19%
Thomasboro, IL	1,122	82	-18%
Broadlands, IL	338	83	-17%
Rantoul, IL	13,238	83	-17%
White Heath, IL	246	83	-17%
Champaign, IL	84,672	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Riverview, FL	84,590	99	-1%
Trenton, NJ	84,559	97	-3%
Alhambra, CA	84,866	150	50%
Bellingham, WA	84,462	120	20%
Ogden, UT	84,900	90	-10%
Champaign, IL	84,672	92	-8%

Source: The Champaign, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Champaign, IL Cost of Living