Cost of Living in Pana, IL
Population 5,277 · Illinois · Data vintage 2023
(100 = US avg)
Household incomes in Pana run well below national norms — a median of $45,083 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $82,000). At 6.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Pana is about 40 miles southeast of Springfield, the nearest large metro. Median home values run roughly 47% lower than Springfield's $155,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Pana
The median home value in Pana is $82,000 — 73% below the national median of $305,000. Median rent runs $670/month, 49% lower than the national median of $1,314/month. The median household income of $45,083/year is 40% lower than the US median of $74,580. The local unemployment rate is 6.8%, 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, Pana has a cost of living index of 37 versus the US average of 100, meaning it is 63% less expensive.
Pana 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:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Pana, IL?
Pana has a cost index of 37 (100 = national average). It is 63% below the national average.
What is average rent in Pana, IL?
The median gross rent in Pana is $670 per month based on 2023 Census data.
What is the average home price in Pana?
The median home value in Pana is $82,000 according to Zillow and Census data.
What is the median income in Pana?
The median household income in Pana is $45,083 per year (2023 ACS 5-year estimates).
What is the sales tax in Pana, IL?
The combined state and local sales tax rate in Pana is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Pana, IL affordable?
Yes, Pana is generally considered affordable, with a cost of living index of 37 — about 63% below the US national average of 100.
Pana at a Glance
- Population
- 5,277
- Median Income
- $45,083
- Home Value
- $82,000
- Median Rent
- $670/mo
- Unemployment
- 6.8%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs