Pekin, IL Cost Of Living
Cost Of Living In Pekin, IL Summary
Cost of living in Pekin 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 Pekin 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 Pekin is 84, with 100 being the average.
The cost of living index in Pekin is 0.8x lower than the national average.
Pekin ranks as the #44 cheapest in Illinois out of 338.
Pekin ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Pekin is $106,600.
The median income in Pekin is $50,838.
Table Of Contents
Pekin's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pekin, IL?
According to the most recent data on the cost of living, Pekin has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Illinois, Pekin has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Pekin ranks as #44 most affordable out of the 338 places we measured in Illinois. By definition, that implies Pekin ranks as the #294 most expensive place in the Prairie State.
For more reading on life in Pekin, check out:
- Living In Pekin
- Pekin Crime Report
- Search Homes For Sale In Pekin, IL
In Illinois
In America
Pekin Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Pekin. Here is how it fairs on each of the criteria:
The Services index in Pekin is 93.
The Groceries index in Pekin is 97.
The Health index in Pekin is 91.
The Housing index in Pekin is 59.
The Transportation index in Pekin is 104.
The Utilities index in Pekin is 98.
| Living Expense | Pekin | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 84 | 92 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 91 | 96 | 100 | |
| Housing | 59 | 81 | 100 | |
| Transportation | 104 | 105 | 100 | |
| Utilities | 98 | 90 | 100 | |
Pekin, 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 Pekin is $106,600.
The Median Rent in Pekin is $693.
The Median Income in Pekin is $50,838.
The Home Value To Income in Pekin is 2.1x.
The Rent To Monthly Income in Pekin is 0.16x.
| Statistic | Pekin | Illinois | United States |
|---|---|---|---|
| Median Home Value | $106,600 | $212,600 | $244,900 |
| Median Rent | $693 | $1,097 | $1,163 |
| Median Income | $50,838 | $72,563 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Pekin, IL Costs By Category
Detailed Pekin Services Costs Vs. Illinois
Detailed Pekin Groceries Costs Vs. Illinois
Detailed Pekin Health Costs Vs. Illinois
Detailed Pekin Transportation Costs Vs. Illinois
Detailed Pekin Utilities Costs Vs. Illinois
Pekin SnackAbility
/10
Cost Of Living In Cities Around Pekin
The cost of living varies in the cities and towns around Pekin. Here's a quick look at the cost of living in the most populous nearby places:
Peoria, IL has a cost of living index of 87, 1.0x Pekin.
East Peoria, IL has a cost of living index of 87, 1.0x Pekin.
Morton, IL has a cost of living index of 97, 1.2x Pekin.
| City | Population | Cost Of Living | Vs. Pekin |
|---|---|---|---|
| Peoria, IL | 113,672 | 87 | 1.0x |
| East Peoria, IL | 22,707 | 87 | 1.0x |
| Morton, IL | 16,591 | 97 | 1.2x |
| Washington, IL | 16,008 | 95 | 1.1x |
| Bartonville, IL | 6,005 | 89 | 1.1x |
| Peoria Heights, IL | 5,940 | 81 | 1.0x |
