COLD

Cost of Living in Germantown Hills, IL

Population 3,425 · Illinois · Data vintage 2023

87
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Germantown Hills a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $265,000.

Geographically, Germantown Hills sits roughly 8 miles east of Peoria. Median home values run roughly 77% higher than Peoria's $150,000.

Cost Overview

Housing 87

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

About the Cost of Living in Germantown Hills

The median home value in Germantown Hills is $265,300 — 13% below the national median of $305,000. The median household income of $141,719/year is 90% higher than the US median of $74,580. The local unemployment rate is 3.5%, below 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, Germantown Hills has a cost of living index of 87 versus the US average of 100, meaning it is 13% less expensive.

📍

Germantown Hills has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Washington, IL
Median home: $216,700
Rent: $1,087/mo
Income: $91,360
East Peoria, IL
Median home: $160,800
Rent: $894/mo
Income: $71,763
Peoria, IL
Median home: $149,500
Rent: $951/mo
Income: $58,716
Morton, IL
Median home: $238,900
Rent: $1,001/mo
Income: $87,760
Pekin, IL
Median home: $118,200
Rent: $792/mo
Income: $58,355

🏠 Housing

Median Home Value
$265,300
13% below avg
Zillow Home Value
$1,233,331
Zillow ZHVI
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 90.7%
Renter-occupied 9.3%

🛒 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
22.5 min
17% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.2%

Commute Mode

Drove alone
70.6%
Carpooled
9.2%
Work from home
20.2%

⚡ 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
$141,719
90% above avg
Per Capita Income
$54,008
Unemployment Rate
3.5%
27% below avg
Poverty Rate
7.0%
Labor Force Participation
72.0%

🎓 Education

Bachelor's degree+ 36.5%
Graduate degree 20.1%

👥 Demographics

Median Age 37.9
Male median age 39.1
Female median age 37.3

Frequently Asked Questions

What is the cost of living in Germantown Hills, IL?

Germantown Hills has a cost index of 87 (100 = national average). It is 13% below the national average.

What is the average home price in Germantown Hills?

The median home value in Germantown Hills is $265,300 according to Zillow and Census data.

What is the median income in Germantown Hills?

The median household income in Germantown Hills is $141,719 per year (2023 ACS 5-year estimates).

What is the sales tax in Germantown Hills, IL?

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

Is Germantown Hills, IL affordable?

Yes, Germantown Hills is generally considered affordable, with a cost of living index of 87 — about 13% below the US national average of 100.

Germantown Hills at a Glance

Population
3,425
Median Income
$141,719
Home Value
$265,300
Unemployment
3.5%
Sales Tax
8.7%
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