| Index | Kewanee | Illinois | National |
| Cost of living | 82 | 98 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 43 | 95 | 100 |
| Transportation | 101 | 101 | 100 |
| Utilities | 97 | 99 | 100 |
| Lifestyle & Entertainment | 96 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 100 | 100 | 100 |
Understanding the cost of living in Kewanee can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Kewanee cost of living index is 82, which is 18% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Kewanee stands out by reporting housing costs that are 57.3% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.
Is Kewanee affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Kewanee, the median home price is 67.7% lower than the national average and monthly rent prices are 33% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Kewanee boasting a median household income of $60,596, 25.5% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Kewanee, healthcare costs are 1.4% lower than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Kewanee, the utilities index registers 2.8% lower than the national average.
The cost of living data for Kewanee shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $70,949 | $5,912 | $1,655 | $2,129 |
| Renters | $34,407 | $2,867 | $803 | $1,032 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| La Fayette, IL | 158 | 79 | 21.0% |
| Victoria, IL | 232 | 83 | 17.3% |
| Neponset, IL | 396 | 83 | 16.9% |
| Galva, IL | 2,639 | 83 | 16.8% |
| Altona, IL | 649 | 84 | 16.1% |
| Kewanee, IL | 12,961 | 82 | 17.7% |
| City | Population | Cost of Living Index | National Avg. |
| Salisbury, NY | 12,962 | 146 | 45.9% |
| Glen Carbon, IL | 12,963 | 105 | 5.0% |
| Woodhaven, MI | 12,963 | 96 | 4.0% |
| Vinings, GA | 12,966 | 141 | 41.4% |
| Echelon, NJ | 12,954 | 118 | 17.9% |
| Kewanee, IL | 12,961 | 82 | 17.7% |
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