Kankakee, Illinois Cost Of Living

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Overall 12%

Goods & Services 7%

Housing 42%

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	Kankakee	Illinois	National
Cost of living	88	98	100
Goods & Services	93	98	100
Groceries	110	97	100
Health care	108	100	100
Housing	58	95	100
Transportation	126	112	100
Utilities	90	97	100

Key findings

The cost of living in Kankakee is 10% lower than the Illinois average
The cost of living in Kankakee is 12% lower than the national average
Kankakee housing is 42% 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	$46,787	$3,899	$1,092	$1,404
Renters	$20,916	$1,743	$488	$628

A good indicator of the general affordability of housing in Kankakee, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Kankakee, the median monthly income is $46,787 for those who own their own homes. Under the standard rule, that income level would allow for $1,092 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,916, per the median income in the area. That would allow for renters to spend up to $488 on monthly rental expenses.

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	Kankakee	National avg.	Difference
Haircut	$18.33	$17.49	4.8%
Beauty Salon	$32.33	$38.17	15.3%
Toothpaste	$2.24	$2.32	3.5%
Shampoo	$0.98	$1.01	3.2%
Movie	$7.75	$10.72	27.7%
Bowling	$13.33	$13.86	3.8%

Groceries

Item	Kankakee	National avg.	Difference
Ground Beef	$3.69	$3.90	5.4%
Fried Chicken	$2.31	$1.40	65.5%
Milk	$1.96	$1.96	0.1%
Potatoes	$3.26	$3.18	2.4%
Pizza	$9.99	$10.39	3.9%
Beer	$8.16	$9.23	11.6%

Health Care

Item	Kankakee	National avg.	Difference
Optometrist	$144.33	$106.34	35.7%
Doctor	$121.33	$115.25	5.3%
Dentist	$107.00	$98.38	8.8%
Ibuprofen	$8.79	$9.26	5.1%
Lipitor	$496.00	$466.47	6.3%

Housing

Item	Kankakee	National avg.	Difference
Home Price	$87,800.00	$184,700.00	52.5%
Avg. Mortgage Payment	$950.82	$1,273.32	25.3%
Apartment Rent	$777.00	$949.00	18.1%

Transportation

Item	Kankakee	National avg.	Difference
Gasoline	$3.25	$2.59	25.4%
Tire Balancing	$63.98	$48.90	30.9%

Utilities

Item	Kankakee	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
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.
Hopkins Park, IL	413	81	-19%
Beaverville, IL	314	85	-15%
Donovan, IL	236	85	-15%
Papineau, IL	198	86	-14%
Martinton, IL	325	86	-14%
Kankakee, IL	26,424	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lemon Grove, CA	26,421	131	31%
Holbrook, NY	26,435	143	43%
Batavia, IL	26,413	113	13%
Medina, OH	26,445	94	-6%
Wakefield, MA	26,399	145	45%
Kankakee, IL	26,424	88	-12%

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

Kankakee, IL Cost of Living

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