Kankakee, IL

Very Low · 57

Illinois · Population 24,384 · Updated March 2026

$986
Median Rent / Month
$45,119
Median Income
$105,500
Median Home Value
$998
Owner Costs / Month

Affordability

How far your income goes in Kankakee

26.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$11,832
Annual Rent
$2,233
State Income Tax
$2,184
Property Tax (est.)

Cost of Living Overview

Kankakee is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Kankakee residents can expect to pay median rent of $986/month while earning a median household income of $45,119/year.

The median home value in Kankakee, IL is $105,500, with typical monthly owner costs around $998 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.2%, Kankakee falls within the generally affordable range, though it's approaching the 30% burden threshold.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Kankakee.

Frequently Asked Questions

Common questions about living costs in Kankakee

What is the cost of living in Kankakee, IL?
The cost of living index in Kankakee, IL is 57 (US average = 100). Median monthly rent is $986, median household income is $45,119/year, and the median home value is $105,500.
Is Kankakee, IL affordable?
Yes, Kankakee is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 26.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Kankakee, IL?
The median gross rent in Kankakee, IL is $986 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,832.
What is the median household income in Kankakee?
The median household income in Kankakee, IL is $45,119 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.