Cost of Living in Posen, IL

Population 5,331 · Illinois · Data vintage 2023

79
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Posen offers a notably favorable income-to-housing ratio for its region. The typical home — $173,000 — costs less than 2.4 times median household income of $71,994, a threshold many coastal markets passed a decade ago.

Geographically, Posen sits roughly 14 miles south of Chicago. Median home values run roughly 45% lower than Chicago's $315,000.

Cost Overview

Housing 57
Rent 112

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

About the Cost of Living in Posen

The median home value in Posen is $172,800 — 43% below the national median of $305,000. Median rent runs $1,478/month, 12% higher than the national median of $1,314/month. The median household income of $71,994/year is 3% lower than the US median of $74,580. The local unemployment rate is 5.7%, 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, Posen has a cost of living index of 79 versus the US average of 100, meaning it is 21% less expensive.

🏠 Housing

Median Home Value
$172,800
43% below avg
Zillow Home Value
$528,423
Zillow ZHVI
Median Rent
$1,478/mo
12% above avg
Price-to-Rent Ratio
9.7x
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 71.6%
Renter-occupied 28.4%

💰 Estimated Monthly Budget

Rent median rent
$1,478
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,092/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
33.0 min
22% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.1%

Commute Mode

Drove alone
74.8%
Carpooled
17.1%
Public transit
1.9%
Walked
2.0%
Work from home
2.1%

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
$71,994
3% below avg
Per Capita Income
$27,190
Unemployment Rate
5.7%
18% above avg
Poverty Rate
5.7%
Labor Force Participation
70.6%

🎓 Education

Bachelor's degree+ 10.4%
Graduate degree 2.4%

👥 Demographics

Median Age 33
Male median age 30.3
Female median age 37.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 57 — Moderate
28.5%
Good air days/yr
223
Max AQI recorded
252
PM2.5 days
97
Ozone days

Frequently Asked Questions

What is the cost of living in Posen, IL?

Posen has a cost index of 79 (100 = national average). It is 21% below the national average.

What is average rent in Posen, IL?

The median gross rent in Posen is $1,478 per month based on 2023 Census data.

What is the average home price in Posen?

The median home value in Posen is $172,800 according to Zillow and Census data.

What is the median income in Posen?

The median household income in Posen is $71,994 per year (2023 ACS 5-year estimates).

What is the sales tax in Posen, IL?

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

Is Posen, IL affordable?

Yes, Posen is generally considered affordable, with a cost of living index of 79 — about 21% below the US national average of 100.

Posen at a Glance

Population
5,331
Median Income
$71,994
Home Value
$172,800
Median Rent
$1,478/mo
Unemployment
5.7%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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