Cost of Living in Eureka, IL

Population 5,095 · Illinois · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Eureka sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Eureka sits roughly 20 miles east of Peoria. Housing prices track closely with Peoria's $150,000 median.

Cost Overview

Housing 51
Rent 52

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Eureka

The median home value in Eureka is $154,600 — 49% below the national median of $305,000. Median rent runs $680/month, 48% lower than the national median of $1,314/month. The median household income of $55,172/year is 26% lower than the US median of $74,580. The local unemployment rate is 5.2%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Eureka has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$154,600
49% below avg
Zillow Home Value
$482,116
Zillow ZHVI
Median Rent
$680/mo
48% below avg
Price-to-Rent Ratio
18.9x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 66.6%
Renter-occupied 33.4%

💰 Estimated Monthly Budget

Rent median rent
$680
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,294/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
26.6 min
1% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.9%

Commute Mode

Drove alone
80.0%
Carpooled
8.1%
Public transit
0.1%
Walked
2.9%
Work from home
8.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$55,172
26% below avg
Per Capita Income
$36,229
Unemployment Rate
5.2%
9% above avg
Poverty Rate
13.9%
Labor Force Participation
58.9%

🎓 Education

Bachelor's degree+ 22.0%
Graduate degree 9.9%

👥 Demographics

Median Age 40.7
Male median age 36.2
Female median age 49.9

Frequently Asked Questions

What is the cost of living in Eureka, IL?

Eureka has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Eureka, IL?

The median gross rent in Eureka is $680 per month based on 2023 Census data.

What is the average home price in Eureka?

The median home value in Eureka is $154,600 according to Zillow and Census data.

What is the median income in Eureka?

The median household income in Eureka is $55,172 per year (2023 ACS 5-year estimates).

What is the sales tax in Eureka, IL?

The combined state and local sales tax rate in Eureka is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Eureka, IL affordable?

Yes, Eureka is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

Eureka at a Glance

Population
5,095
Median Income
$55,172
Home Value
$154,600
Median Rent
$680/mo
Unemployment
5.2%
Sales Tax
8.7%
View all cities in Illinois →
🗺️ County data for Illinois

Explore county-level cost of living data

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