Illinois Living Report — July 10, 2026

Illinois, with a population of 12,757,634, is a state that offers a unique blend of urban and rural lifestyles, making it an attractive option for those considering relocation. One of the primary concerns for anyone thinking of moving to Illinois is the cost of living. The median rent for a one-bedroom apartment is $1,179 per month, while the median home value is $239,100. These numbers suggest that Illinois is relatively affordable compared to other states in the country. However, it’s essential to consider the median household income, which stands at $78,433 per year, to get a better understanding of the affordability of living in Illinois.

When analyzing the affordability of renting in Illinois, it becomes clear that the state is relatively manageable for those with a steady income. With the median rent for a one-bedroom apartment at $1,179 per month, this translates to approximately 18% of the median household income, which is relatively in line with the general rule of thumb that rent should not exceed 30% of one’s income. This makes Illinois an attractive option for families, retirees, and remote workers who are looking for a balanced quality of life without breaking the bank.

The job market in Illinois is also a significant factor to consider. With an unemployment rate of 4.7% as of May 2026, the state is performing relatively well compared to the national average. The diverse economy, with major industries such as agriculture, manufacturing, and healthcare, provides a range of employment opportunities for job seekers. Illinois’s strong economy and relatively low unemployment rate make it an excellent choice for professionals and families looking to establish a stable career and lifestyle.

In terms of quality of life, Illinois has a lot to offer. The median age of 38.7 suggests a relatively young population, and the state’s poverty rate of 11.5% is slightly above the national average. However, with Finklick tracking data in one city in Illinois, it’s clear that there are still many opportunities for growth and development. Illinois tends to attract a mix of families, retirees, and remote workers who are drawn to the state’s natural beauty, cultural attractions, and outdoor recreational activities.

Looking to the future, Illinois is poised to continue growing and developing as a state. With its strong economy, affordable housing market, and high quality of life, it’s likely that the state will remain an attractive option for those looking to relocate. As the job market continues to evolve and new industries emerge, Illinois is well-positioned to adapt and thrive. Whether you’re a young professional, a family, or a retiree, Illinois offers a unique blend of urban and rural lifestyles that make it an excellent choice for anyone considering relocation. With its rich history, vibrant culture, and stunning natural beauty, Illinois is sure to remain a popular destination for years to come.

Explore Illinois Cities

Browse utility costs, housing data, Census demographics, and climate data for all 1 tracked cities in Illinois.

View all Illinois city guides →

Data: US Census Bureau ACS 2022, BLS. Updated July 10, 2026.