Panola, Illinois Cost Of Living

Buy Rent

C+

5%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

20%

Housing NAT. AVG.

Search Homes for Sale

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Panola	Illinois	National
Cost of living	95	97	100
Goods & Services	108	96	100
Groceries	98	97	100
Health care	99	98	100
Housing	80	95	100
Transportation	88	104	100
Utilities	97	96	100

New Real Estate Listings In/Near Panola

For Sale For Rent

Search

Search Homes for Sale in Panola, IL

Key findings

The cost of living in Panola is 2% lower than the Illinois average
The cost of living in Panola is 5% lower than the national average
Panola housing is 20% 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

Most Affordable Places to Live in and Around Panola

See all the best places to live around Panola

Compare Panola, IL Cost of Living

Write a review to give others more information about this area.

See all Panola poll results

The best places in Illinois

Here are the best places to live in Illinois

10 Best cities in Illinois for employment

See the best places to live in & around Panola

10 best cities to buy a new house in Illinois

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$94,375	$7,865	$2,202	$2,832
Renters	$0	$0	$0	$0

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	Panola	National avg.	Difference
Haircut	$22.08	$20.27	8.9%
Beauty Salon	$40.91	$40.39	1.3%
Toothpaste	$2.05	$2.36	13.1%
Shampoo	$0.99	$1.08	7.7%
Movie	$11.07	$10.99	0.8%
Bowling	$17.25	$15.49	11.4%

Groceries

Item	Panola	National avg.	Difference
Ground Beef	$4.51	$4.30	5.0%
Fried Chicken	$1.50	$1.40	7.0%
Milk	$2.00	$2.20	9.4%
Potatoes	$3.01	$3.22	6.6%
Pizza	$10.79	$10.74	0.4%
Beer	$9.36	$9.60	2.5%

Health Care

Item	Panola	National avg.	Difference
Optometrist	$148.08	$109.73	35.0%
Doctor	$96.50	$118.34	18.5%
Dentist	$101.50	$100.94	0.6%
Ibuprofen	$9.40	$9.93	5.3%
Lipitor	$461.41	$469.53	1.7%

Housing

Item	Panola	National avg.	Difference
Home Price	$146,900.00	$184,700.00	20.5%
Avg. Mortgage Payment	$1,272.88	$1,229.62	3.5%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Panola	National avg.	Difference
Gasoline	$2.76	$2.71	1.9%
Tire Balancing	$33.36	$51.86	35.7%

Utilities

Item	Panola	National avg.	Difference
All Electricity	$161.50	$170.84	5.5%
Phone	$187.80	$187.18	0.3%

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	Population	Cost of Living Index	National Avg.
La Rose, IL	112	75	25.0%
Rutland, IL	234	76	23.6%
Dana, IL	121	82	17.6%
Secor, IL	369	87	12.7%
Washburn, IL	1,007	82	18.2%
Panola, IL	49	95	5.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pilot Point, AK	49	111	11.4%
Takotna, AK	49	99	1.4%
Nimmons, AR	49	77	22.9%
Maybell, CO	49	82	17.7%
Coppock, IA	49	80	19.7%
Panola, IL	49	95	5.3%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.