Quincy 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.
Cost of living index8299100
Goods & Services index87101100
Groceries index9097100
Health care index99101100
Housing index5995100
Transportation index92105100
Utilities index10696100
An overview of the general cost of living index for Quincy, IL is displayed above for your reference. Residents in Quincy, IL enjoy a cost of living index of 82. This index is 17% lower than the Illinois average, and 18% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Quincy, IL, the average cost of goods and services is 14% lower than it is in Illinois, and it is 13% lower than the national average.
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Did you know?

  • The cost of living in Quincy is 17% lower than the Illinois average.
  • The cost of living in Quincy is 18% lower than the national average.
  • The cost of housing in Quincy is 41% 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.

Compare Quincy, IL Cost of living To Other Cities

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Health care index
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The salary calculator is meant to help you compare your salary in Quincy, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Quincy, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Quincy, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Quincy, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Quincy, IL have a median income of $56,834. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,326 per month to avoid calamity and poverty. The renters in the city have an income of about $24,686, which would make their monthly maximum allowable rental costs $576.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Quincy, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 10.25%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemQuincyNational avg.Difference
Haircut $11.00$16.0931.6%
Beauty Salon $22.00$37.3341.1%
Toothpaste $2.78$2.4513.7%
Shampoo $0.86$1.0014.4%
Movie $9.00$10.2812.5%
Bowling $4.00$4.9318.9%


ItemQuincyNational avg.Difference
Ground Beef $3.05$3.8019.9%
Fried Chicken $1.48$1.405.7%
Milk $2.11$2.014.9%
Potatoes $2.73$3.019.3%
Pizza $7.66$9.8922.5%
Beer $8.48$8.904.7%

Health Care

ItemQuincyNational avg.Difference
Optometrist $85.67$102.1616.1%
Doctor $121.00$108.3611.7%
Dentist $75.67$92.5318.2%
Ibuprofen $9.57$9.283.1%
Lipitor $480.82$425.8212.9%


ItemQuincyNational avg.Difference
Home Price $105,600.00$184,700.0042.8%
Avg. Mortgage Payment $818.36$1,202.4431.9%
Apartment Rent $592.00$949.0037.6%


ItemQuincyNational avg.Difference
Gasoline $2.27$2.240.9%
Tire Balancing $34.00$46.2926.6%


ItemQuincyNational avg.Difference
All Electricity$176.36$165.966.3%
Phone $30.52$28.686.4%
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, StatePopulationCost of Living IndexNational Avg.
Columbus, IL11576-24%
La Grange, MO91977-23%
Liberty, IL50478-22%
Plainville, IL33478-22%
Canton, MO2,58578-22%
Quincy, IL40,68982-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ormond Beach, FL40,68697-3%
North Fort Myers, FL40,64284-16%
Coppell, TX40,63111818%
The Colony, TX40,7571011%
Sumter, SC40,76097-3%
Quincy, IL40,68982-18%
Source: The Quincy, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.
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