What is the Average Cost of Living in Illinois in 2025?

Thinking about moving to Illinois? With its strong economy and cities like Chicago, Springfield, and Peoria, Illinois offers a unique mix of urban life and Midwestern charm. The average cost of living in Illinois in 2025 is about 6% below the national average, with an index of 94.4 compared to the US average of 100.

However, housing costs are higher than in many nearby states, adding up to about 10% more than its neighbors. Let’s take a closer look at Illinois’ living expenses, including housing, utilities, and more.

What Is the Average Cost of Living in Illinois in 2025?

A comfortable lifestyle in Illinois typically requires an annual income of around $72,000. This amount covers housing, food, transportation, healthcare, and childcare. Overall, the cost of living is slightly below the national average, but housing costs are higher than in nearby states.

Costs differ across the state. Cities like Chicago have higher living expenses but offer more jobs and amenities. Smaller cities, such as Springfield and Peoria, provide more affordable housing and lower daily costs.

New residents should plan carefully for housing. In urban areas, public transit or other commuting options can help keep transportation costs manageable.

Housing and Rental Market in Illinois

Housing costs in Illinois tend to be higher than in nearby states. Average rent is about $1,875 monthly, while the median home price sits around $357,000 in 2025. These figures make housing the main driver of the state’s living costs.

Here’s how the Illinois housing market compares to nearby states:

• Indiana: Median home price $260,000 (27% less); rent $1,345 (28% less).
• Wisconsin: Median home price $300,000 (16% less); rent $1,327 (29% less).
• Missouri: Median home price $280,000 (22% less); rents are about 18% lower.
• Ohio: Median home price $197,000 (45% less); rent 20% lower.
• Texas: Median home price $293,000 (18% less); rent 16% lower.
• Florida: Median home price about $370,000, slightly higher; rent similar or a bit higher.

Illinois’ major cities like Chicago, Springfield, and Peoria show variation. Chicago, especially, has higher housing costs due to demand, while smaller metro areas offer more affordable options. For renters and homebuyers, monitoring housing expenses is key when considering Illinois.

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Utilities and Other Living Expenses in Illinois

Utility expenses in Illinois average $640 per month, slightly below the national average. Electricity is the largest utility cost for residents.

Utility costs compared to neighboring states:

• Indiana: About 9% lower than average.
• Wisconsin and Missouri: Similar or slightly lower than Illinois.
• Ohio: Close to or just below the average.
• Texas: About 1% higher than the national average.
• Florida: Generally higher due to climate needs and demand.

In Illinois, groceries cost about $269 monthly, which is slightly below many national figures. Fuel prices hover around $3.80 per gallon, higher than neighboring states like Wisconsin ($3.25) and Indiana ($3.60).

Healthcare expenses are roughly 4% above the national average. Meanwhile, childcare costs range near $1,100 per month, which is higher than in Indiana and Missouri but lower than in some parts of Florida.

Income and Job Market Overview

An income of approximately $72,000 per year is needed for comfortable living in Illinois. This is higher than salaries in neighboring states such as Indiana ($52,250), Missouri ($52,000), and Ohio ($60,000).

Wisconsin’s median income of about $70,000 comes close to that of Illinois. Texas and Florida generally offer lower median incomes, near $60,000 or less. Illinois employers, therefore, should consider these figures when setting wages to match living costs.

Is It Worth It to Live in Illinois?

Illinois offers moderate costs compared to other states, but housing drives the overall higher living expenses. Still, the state’s job opportunities, cultural venues, and educational institutions often balance these costs.

Utilities, food, and transportation costs remain reasonable. In addition, higher salaries reflect these expenses, helping residents maintain their lifestyles. For people valuing urban amenities with a Midwest feel, Illinois is a compelling choice, despite the housing premium.

Regional Insights and Relocation Tips

• Chicago: The city’s core has the highest housing and living costs but strong public transit options.
• Springfield & Peoria: These smaller cities provide more affordable housing while still offering urban convenience.
• Suburban areas near Chicago: Amenities are plentiful, but housing prices are rising.

New residents should carefully plan housing budgets and explore transportation options to keep living costs manageable in Illinois.

Final Thought on the Cost of Living in Illinois

Illinois stands as a moderately expensive state in the Midwest. Housing prices drive their cost above those in many nearby states. Compared nationally, Illinois is less costly than Florida but more expensive than Texas.

The state balances solid economic opportunities and diverse amenities with housing challenges. This makes Illinois a practical, attractive place for many newcomers and local residents.

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