Pana, IL Cost Of Living
Cost Of Living In Pana, IL Summary
Cost of living in Pana research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Pana is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Pana is 76, with 100 being the average.
The cost of living index in Pana is 0.8x lower than the national average.
Pana ranks as the #1 cheapest in Illinois out of 338.
Pana ranks as the #54 cheapest out of 6,412 in the US.
The median home value in Pana is $75,100.
The median income in Pana is $50,833.
Table Of Contents
Pana's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pana, IL?
According to the most recent data on the cost of living, Pana has an overall cost of living index of 76, which is 0.8x lower than the national index of 100.
Compared to Illinois, Pana has a cost of living index that's 0.8x lower than Illinois's index of 92.
The standard of living in Pana ranks as #1 most affordable out of the 338 places we measured in Illinois. By definition, that implies Pana ranks as the #337 most expensive place in the Prairie State.
For more reading on life in Pana, check out:
- Living In Pana
- Search Homes For Sale In Pana, IL
In Illinois
In America
Pana Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Pana. Here is how it fairs on each of the criteria:
The Services index in Pana is 89.
The Groceries index in Pana is 94.
The Health index in Pana is 83.
The Housing index in Pana is 44.
The Transportation index in Pana is 96.
The Utilities index in Pana is 98.
| Living Expense | Pana | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 76 | 92 | 100 | |
| Services | 89 | 95 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 83 | 96 | 100 | |
| Housing | 44 | 81 | 100 | |
| Transportation | 96 | 105 | 100 | |
| Utilities | 98 | 90 | 100 | |
Pana, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Pana is $75,100.
The Median Rent in Pana is $655.
The Median Income in Pana is $50,833.
The Home Value To Income in Pana is 1.5x.
The Rent To Monthly Income in Pana is 0.15x.
| Statistic | Pana | Illinois | United States |
|---|---|---|---|
| Median Home Value | $75,100 | $212,600 | $244,900 |
| Median Rent | $655 | $1,097 | $1,163 |
| Median Income | $50,833 | $72,563 | $69,021 |
| Home Value To Income | 1.5x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Pana, IL Costs By Category
Detailed Pana Services Costs Vs. Illinois
Detailed Pana Groceries Costs Vs. Illinois
Detailed Pana Health Costs Vs. Illinois
Detailed Pana Transportation Costs Vs. Illinois
Detailed Pana Utilities Costs Vs. Illinois
Pana SnackAbility
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Cost Of Living In Cities Around Pana
The cost of living varies in the cities and towns around Pana. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, IL has a cost of living index of 93, 1.2x Pana.
Charleston, IL has a cost of living index of 83, 1.1x Pana.
Mattoon, IL has a cost of living index of 78, 1.0x Pana.
| City | Population | Cost Of Living | Vs. Pana |
|---|---|---|---|
| Springfield, IL | 114,672 | 93 | 1.2x |
| Charleston, IL | 18,130 | 83 | 1.1x |
| Mattoon, IL | 16,982 | 78 | 1.0x |
| Chatham, IL | 14,245 | 102 | 1.3x |
| Effingham, IL | 12,218 | 83 | 1.1x |
| Greenville, IL | 6,676 | 86 | 1.1x |
| Hillsboro, IL | 6,633 | 85 | 1.1x |
| Mount Zion, IL | 6,092 | 87 | 1.1x |
| Carlinville, IL | 5,719 | 84 | 1.1x |
