Cost of Living in Kankakee, IL

Population 24,384 · 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

Household incomes in Kankakee run well below national norms — a median of $45,119 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $106,000). Unemployment has stayed elevated relative to the national figure — 7.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 30 miles southeast of Joliet, Kankakee falls within that metro's commuting orbit. Median home values run roughly 58% lower than Joliet's $249,000.

Cost Overview

Housing 35
Rent 75

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

About the Cost of Living in Kankakee

The median home value in Kankakee is $105,500 — 65% below the national median of $305,000. Median rent runs $986/month, 25% lower than the national median of $1,314/month. The median household income of $45,119/year is 40% lower than the US median of $74,580. The local unemployment rate is 7.3%, 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, Kankakee has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$105,500
65% below avg
Zillow Home Value
$147,935
Zillow ZHVI
Median Rent
$986/mo
25% below avg
Zillow Rent
$1,135/mo
Zillow ZORI
Price-to-Rent Ratio
8.9x
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 49.4%
Renter-occupied 50.6%

💰 Estimated Monthly Budget

Rent median rent
$986
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,600/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
23.7 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.2%

Commute Mode

Drove alone
76.4%
Carpooled
10.4%
Public transit
3.0%
Walked
2.7%
Bicycle
0.4%
Work from home
4.2%

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
$45,119
40% below avg
Per Capita Income
$24,194
Unemployment Rate
7.3%
51% above avg
Poverty Rate
27.8%
Labor Force Participation
57.5%

🎓 Education

Bachelor's degree+ 7.3%
Graduate degree 5.3%

👥 Demographics

Median Age 36.4
Male median age 35.8
Female median age 37.1

Frequently Asked Questions

What is the cost of living in Kankakee, IL?

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

What is average rent in Kankakee, IL?

The median gross rent in Kankakee is $986 per month based on 2023 Census data.

What is the average home price in Kankakee?

The median home value in Kankakee is $105,500 according to Zillow and Census data.

What is the median income in Kankakee?

The median household income in Kankakee is $45,119 per year (2023 ACS 5-year estimates).

What is the sales tax in Kankakee, IL?

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

Is Kankakee, IL affordable?

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

Kankakee at a Glance

Population
24,384
Median Income
$45,119
Home Value
$105,500
Median Rent
$986/mo
Unemployment
7.3%
Sales Tax
8.7%
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Explore county-level cost of living data

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