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University of Washington – Seattle Tuition and Fees


University of Washington – Seattle Tuition and Fees

University of Washington - Seattle Tuition and Fees

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    By Kelly Boyer Sagert

    (Last Updated – 06/2025)

    The University of Washington (UW) in Seattle is a leading public research university founded in 1861. Located in the heart of Seattle, it offers a vibrant campus with stunning views of Mount Rainier and nearby Lake Washington. UW is renowned for its innovation, academic excellence, and strong tie to tech industries, attracting students and faculty from around the world.

    Total Cost of Attendance

    The University of Washington (UW) tuition in 2024-25 for state residents was $12,973. This is slightly higher than the national average of $11,260 for in-state tuition at public universities. For residents of other states, UW tuition was $43,209, which is well above the national average for out-of-state tuition of $29,150.

    Tuition, however, is only part of the total cost of attending college. Here’s a look at other expenses students can expect when attending the University of Washington.

    Costs for 2024-25

    Student Type

    In-State

    Out-of-State

    Tuition & Fees

    $12,973

    $43,209

    Books & Supplies

    $1,480

    $1,480

    Room & Board (on campus)

    $18,405

    $18,405

    Other Expenses

    $3,027

    $3,027

    Total Cost of Attendance

    $35,305

    $65,541

    Financial Aid

    A little over half of undergraduates (55%) receive some form of financial aid to help cover the UW tuition and other costs. This may be scholarships, grants, or student loans, or a combination of these.

    Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education – Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

    •  SoFi Scholarship Finder – Use our handy tool to streamline your search by award type, location, level of study and more.

    Private Student Loans

    Many undergraduates tap student loans to help pay the University of Washington tuition and other costs: 19% take out federal loans and 1% get private student loans (with an average amount of $18,848).

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, since it generally has better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    The University of Washington cost of attendance for four years — including tuition and fees, room and board, books, and other expenses — is $141,220 for in-state students (based on 2024-25 numbers). By comparison, the national average at public universities for in-state students is $115,36 for four years.

    For out-of-state residents, the four-year cost for attending UW is $262,164. This is above the national average of $186,920 for out-of-state cost of attendance.

    This student loan and scholarship information may be valuable as you research schools and costs.

    Repay student loans your way.

    Find the monthly
    payment & rate that fits your budget.

    Undergraduate Tuition and Fees

    Costs for 2024-2025

    University of Washington undergraduate tuition and fees for the 2024-25 academic years were $12,973 for in-state students, a 2.6% increase over 2023-34. The tuition and fees for out-of-state students were $43,209, a 2.9% over 2023-34.

    Graduate Tuition and Fees

    Costs for 2024-25

    •   Average graduate tuition (in-state): $17,688

    •   Average graduate tuition (out-of-state): $31,707

    •   Fees (in-state/out-of-state): $1,104

    Tuition and fees for graduate students at UW for 2024-25 averaged $18,792 for in-state students and $32,811 for out-of-state students. The average cost of graduate school tuition and fees in the U.S. is $22,430 per year.

    There are graduate loans available to help with these costs.

    Cost per Credit Hour

    If you take 15 credits per semester, the cost per credit hour at UW comes out to $432 for Washington residents and $1,440 for nonresidents.

    Campus Housing Expenses

    While UW in Seattle doesn’t require freshmen to live on campus, four out of five first-year students choose to do so. Housing options include traditional residence halls and fully furnished apartments located on or near campus.

    Costs for 2024-25

    •   Housing and food expenses (on/off campus): $18,405

    •   Other living expenses (on/off campus): $3,027

    Total living expenses for 2024-25 were estimated at $21,432, both for students who lived on campus as well as those who lived off campus.

    University of Washington Acceptance Rate

    Fall 2023

    Number of Applications

    Number Accepted

    Percentage Accepted

    62,428

    26,844

    43%

    The University of Washington acceptance rate is 43%, which makes the school moderately selective.

    Admission Requirements

    If you’re interested in applying to UW as a freshman, here are the steps involved:

    Required:

    •   Fill out the application (using ApplyWeb or the Common App).

    •   Self-report your courses (a minimum level of preparation in six subject areas must be met for admission).

    •   Complete UW essay questions (the Common App personal essay is not reviewed).

    •   Provide additional information about yourself or your circumstances (optional).

    •   Choose your major.

    •   Send SAT or ACT scores (optional)

    •   Pay a nonrefundable application fee of $80

    Applications for the Fall semester are due November 15; the notification period is March 1-15. The UW does not participate in early decision or early action admission.

    SAT and ACT Scores

    The UW admission process is primarily test-blind. This means that when reading your application, the reviewers will not see your test scores, if provided. However, high test scores (1400 or above on the SAT and 31 or above on the ACT) may be considered for a handful of students who may not otherwise be admitted.

    Graduation Rate

    The vast majority of UW students complete their degree in four years. But some students take longer. Here are the graduation rates for students who began at the school in 2017.

    •  4 years: 71%

    •  6 years: 84%

    Post-Graduation Median Earnings

    On average, UW graduates earn an annual salary of $89,000. This is higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.

    Bottom Line

    The University of Washington in Seattle consistently ranks highly among national universities, both public and private. For in-state students, UW is also generally considered a good value. Out-of-state tuition can be significantly higher, though, potentially making it less cost-effective compared to other institutions. Fortunately, students who need help covering the University of Washington tuition and other costs may qualify for financial assistance in the form of grants, scholarships, and federal student loans.

    If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.


    Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

    View Your Rate

    SoFi Private Student Loans
    Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
    Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
    SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


    SoFi Loan Products
    SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


    Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

    External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


    Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.


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    Terms of Use for the SoFi Travel Portal

    Terms of Use for the SoFi Travel Portal

    The SoFi Travel Portal is operated by Expedia. Learn more about Expedia.

    When you use your SoFi Credit Card to make a purchase on the SoFi Travel Portal, SoFi will give you a number of SoFi Member Rewards points equal to 3% of the total amount you spend on the SoFi Travel Portal. Members can save up to 10% plus on eligible bookings.

    Eligibility

    To receive the Member Rewards points for bookings made through the SoFi Travel Portal:

    You must be a registered SoFi user.

    You must agree to SoFi’s privacy consent agreement.

    You must book the travel through SoFi’s Travel Portal reached directly through a link on the SoFi website or mobile application. Travel booked directly on Expedia’s website or app, or any other site operated or powered by Expedia, is not eligible.

    You must pay using your SoFi Credit Card.

    SoFi Member Rewards

    All terms applicable to SoFi Member Rewards apply. To learn more, see SoFi Member Rewards and SoFi Member Rewards Terms of Service.

    Additional Terms

    • Changes to a booking will affect your Rewards balance for the respective booking.

    • SoFi reserves the right to rescind Rewards associated with any canceled bookings or fraud.

    • Rewards may be delayed by up to 7 business days after a transaction posts on Members’ SoFi Credit Card ledger.

    • SoFi reserves the right to withhold Rewards points for suspected fraud, misuse, or suspicious activities.

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    SoFi Invest SEM

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    Automated Investing and advisory services are provided by SoFi Wealth LLC. Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
    Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA/SIPC.

    Customer must fund their Active Invest account with at least $10 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions.

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    More ways to

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    Active Investing

    Trade stocks and ETFs with no commissions or participate in upcoming IPOs before they trade on the public market. Plus, fractional shares mean you can buy a piece of your favorite companies for as little as $5. Restrictions may apply.**

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    Not sure where to start? Tell us your risk tolerance and goals, and you’ll get a diversified portfolio automatically managed for you – with no SoFi management fee.

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    Retirement Accounts

    Save for retirement with our active or automated Traditional, Roth, and SEP IRAs. Get access to a broad range of investment options, member services, and our robust suite of planning and investment tools.

    Learn more →


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    Please review the Customer Relationship Summary (Form CRS) which contains important information about the product, services, fees, and conflicts of interests of SoFi Securities LLC.

    You may also learn more about SoFi Securities LLC and its Representatives on FINRA’s BrokerCheck.

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    FAQs


    How can I trade stocks without a commission?

    Many brokerages charge trading fees to use their platforms. SoFi Invest offers online stock trading with no commissions so you can trade what you want, when you want—all from the SoFi App.


    How do I open a SoFi Invest Account?

    Go to SoFi Invest Home in the mobile app, tap Get Started, select Start Investing under active investing account. There you’ll find step-by-step instructions on how to get started. Or if you prefer desktop, head here.


    Am I able to buy a part of a share rather than a whole?

    Yes! You can purchase fractional shares for some stocks. We maintain a list of securities available for fractional trading in our fractional shares collection. All of these securities will appear on our “Fractional Collection” page within the Discovery section of the app. Trading restrictions may apply.


    Can I buy my own stocks?

    Yes—SoFi Active Investing allows users to buy and sell stocks and ETFs of their own choosing! For a more hands off investing approach, you can also select SoFi Automated Investing.


    Is there an account minimum to start investing?

    Nope—with SoFi you can get started investing with as little as $5.


    See more FAQs


    Personal Loan Terms

    Fixed rates from 7.74% APR to 35.49% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 2/8/26 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.

    Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-6%, which will be deducted from any loan proceeds you receive.

    PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 7.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees required; specifically, no origination fees required, no late fees, no prepayment penalties.

    PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 7.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.

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    SoFi Schedules Conference Call to Discuss Q1 2023 Results

    SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced plans to host a conference call to discuss financial and operating results for the first quarter of 2023 on Monday, May 1, 2023, at 8 a.m. Eastern Time. SoFi also plans to release its first quarter 2023 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, May 1, 2023.

    Full session details for the conference appearance are as follows:

    CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE

    To pre-register for this call, please go to the following link (you will then receive your personal dial-in access details via email):
    https://www.netroadshow.com/events/login?show=0687cde7&confId=49108

    WEBCAST DETAILS – AUDIO-ONLY

    Use this link to access the audience view of the webcast:
    https://events.q4inc.com/attendee/260993785

    A replay of the webcast will be made available after the call on the Investor Relations page of the Company’s website at https://investors.sofi.com/overview/default.aspx

    About SoFi

    SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its more than 5.2 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like career advisors, Credentialed Financial Planners (CFP®), exclusive experiences and events, and a thriving community – on their path to financial independence. 

    SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi,  is a nationally chartered bank, regulated by the Federal Reserve, OCC, and FDIC. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

    Disclosures

    Availability of Other Information About SoFi

    Investors and others should note that we communicate with our investors and the public using our website (www.sofi.com), the investor relations website (https://investors.sofi.com), and on social media (Twitter and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

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    Cost of Living in Illinois (2021)

    Cost of Living in Illinois


    Cost of Living in Illinois

    On this page:

      By Jamie Cattanach

      (Last Updated – 02/2025)

      From the bright lights and big cities to the endless waving seas of agricultural fields, Illinois truly has something for everybody — which is probably why more than 12.7 million people live there. That makes it the sixth most populous state in the nation, though Chicago alone is home to almost 2.7 million residents.

      What’s the Average Cost of Living in Illinois?

      Average Cost of Living in Illinois: $58,333 per year

      So we know it’s beautiful, diverse, and full of friendly faces and delicious food. But is Illinois affordable to live in? Good news, Midwesterners: According to most accounts, the answer is yes. Illinois enjoyed the 21st lowest cost of living in the United States for 2024, according to the Missouri Economic Research and Information Center (MERIC).

      The Bureau of Economic Analysis estimates personal expenditures by state, and on average, an Illinois resident spends $58,333 per year, as per the bureau’s 2023 data.Here’s how that figure breaks down into different basic expense categories:

      Category

      Average Annual Per-Capita Cost in Illinois

      Housing and Utilities

      $9,287

      Health Care

      $9,238

      Food and Beverages (nonrestaurant)

      $4,119

      Gasoline and Energy Goods

      $1,284

      All Other Personal Expenditures

      $34,405

      Let’s take a closer look into each of these categories, as well as a few others.

      Housing Costs in Illinois

      Average Housing Costs in Illinois: $1,086 to $1,650 per month

      For many Americans, housing is the single largest cost they face. Mortgage or rent payments represent a significant chunk of the monthly budget.

      But housing is one of those costs that really depends on where you’re living: not only which state but also which city.

      According to June 2024 data from Zillow, the typical home value in Illinois is $264,399. Redfin puts the median sale price at $283,800. Those figures are significantly lower than the average U.S. existing-home sale price of $355,328 for January 2025, according to Zillow.

      Furthermore, the state’s averages are boosted by the cost of housing in major cities like Chicago. Until recently, many Illinois population centers boasted typical home prices that were five digits rather than six digits long. (As of late 2024, only two cities do). But even Chicago homes are fairly affordable, especially for a large U.S. city.

      Here are the typical home values in a variety of Illinois cities, according to December 2024 data from Zillow.

      Illinois City

      Typical Home Price

      Chicago (Chicago Housing Market Trends)

      $320,977

      Peoria

      $147,008

      Davenport (IA)

      $171,388

      Rockford

      $192,541

      Champaign

      $206,351

      Springfield

      $175,385

      Bloomington

      $233,401

      Carbondale

      $132,160

      Kankakee

      $203,438

      Decatur

      $110,855

      Danville

      $84,023

      Quincy

      $164,715

      Charleston

      $128,081

      Sterling

      $124,663

      Rochelle

      $203,791

      Galesburg

      $99,312

      Freeport

      $141,707

      Jacksonville

      $115,752

      Mount Vernon

      $113,650

      Centralia

      $102,914

      So how does that break down on a by-month basis? Here are the median mortgage and rent prices in Illinois, according to 2021 data from the U.S. Census Bureau.

      •  Median monthly mortgage cost: $1,902

      •  Median studio rent: $1,158

      •  Median one-bedroom rent: $1,086

      •  Median two-bedroom rent: $1,254

      •  Median three-bedroom rent: $1,424

      •  Median four-bedroom rent: $1,650

      •  Median five-bedroom (or more) rent: $1,386

      •  Median gross rent: $1,238

      Utility Costs in Illinois

      Average Utility Costs in Illinois: $346 per month

      Roof over your head? Check. Now for the electricity, water, gas, and internet connection that make it livable.

      While individual utility costs vary — people use different amounts of each service, depending on their lifestyles — here are some averages to help you estimate how much you might stand to spend monthly on utilities in Illinois.

      Utility

      Average Illinois Bill

      Electricity

      $105

      Natural Gas

      $97

      Cable & Internet

      $116

      Water

      $28

      Sources: U.S. Energy Information Administration, Electric Sales, Revenue, and Average Price; Statista.com “Average monthly residential utility costs in the United States, by state”; DoxoInsights, U.S. Cable & Internet Market Size and Household Spending Report; and Rentcafe.com, What Is the Average Water Bill? June 2024

      Groceries & Food

      Average Grocery & Food Costs in Illinois: $343 per person, per month

      There’s so much more to Illinois cuisine than corn — or even Chicago-style hot dogs and pizza. But how much does it cost to feed yourself and your family in the Prairie State?

      Per the Bureau of Economic Analysis figures above, the average Illinois resident spends $4,119 per year on nonrestaurant food and beverages, which works out to about $343 per person, per month. That would mean about $686 per month for a married couple, or $1,372 per month for a family of four — but do keep in mind that this average doesn’t take into account the fact that children eat less than adults, or even that some adults eat less than others!

      Location also matters, though. The Council for Community and Economic Research regularly updates its cost-of-living index for major American metro areas, and includes data on grocery costs specifically. Here’s how some major Illinois cities stack up when it comes to how much you might expect to pay at the grocery store, per its 2024 data.

      Illinois City

      Grocery Items Index

      Rockford

      98.1

      Champaign-Urbana

      97.6

      Decatur

      95.8

      Danville

      99.3

      Kankakee

      96.0

      Springfield

      97.7

      Peoria

      96.6

      Bloomington-Normal

      97.8

      Chicago

      103.8

      Transportation

      Average Transportation Costs in Illinois: $9,346 to $17,391 per year

      Chicago is well known (and loved) for its fast and friendly public transportation options — but even in the big city, a lot of residents depend on private vehicles to travel, and no matter how you get around, you’ll pay for it somehow.

      While a family’s specific travel costs can range widely depending on their lifestyles, MIT’s Living Wage Calculator offers some great insights into how much you might expect to pay on transportation costs each year, based on its February 2025 data.

      Family Makeup

      Average Annual Transportation Cost

      One adult, no children

      $9,346

      Two working adults, no children

      $10,816

      Two working adults, three children

      $17,391

      Health Care

      Average Health Care Costs in Illinois: $9,238 per person, per year

      Drawing on the same Bureau of Economic Analysis data used in the initial expenditure breakdown above, the average Illinois resident spends $9,238 per year on health care, or about $769.83 per month, per person.

      Of course, if you’ve got kids running and jumping around the playground or consider yourself a sports aficionado, you may stand to spend more than that. Conversely, if you eat well, exercise, and aren’t very accident-prone, you may spend less — all depending on your health care coverage.

      Child Care

      Average Child Care Costs in Illinois: $917 to $1,113 or more per child, per month

      Taking care of the kiddos: It’s some of the best work there is, but it sure is work, and when you’ve got another job to do, you usually have to pay someone else to do it.

      Child care isn’t cheap anywhere, though costs do vary depending on where you are. Costofchildcare.org offers some great averages for how much you might expect to pay in Illinois (and elsewhere) depending on how many children you have and what kind of care scenario you’re after.

      Type of Child Care

      Average Cost Per Month, Per Child

      Infant Classroom

      $1,182

      Toddler Classroom

      $1,016

      Preschooler Classroom

      $917

      Home-Based Child Care

      $1,113

      Sound expensive? The Illinois Department of Human Services offers resources for lower-income families to help match them with affordable child care throughout the state.

      Taxes

      State Income Tax Rate in Illinois: 4.95%

      Illinois, unlike many other U.S. states, levies its income tax at a single rate — so all eligible earners living in Illinois pay the same rate, regardless of income level.

      The good news is, per the Tax Foundation’s Tax Foundation’s State Individual Income Tax Rates and Brackets for 2025, that tax rate is a relatively low 4.95%. While it’s not the lowest in the country (which hovers in the 2-3% range, aside from the seven states that levy no state income tax at all), it’s much lower than neighboring Wisconsin’s 7.65%.

      Miscellaneous Costs

      Once all the basics are taken care of, it’s time to have some fun. If Illinois residents spend an average of $34,405 on nonessential personal expenditures, where might some of that money be going? (Prices accurate as of February 2025.)

      •  Tickets to see a Chicago Cubs home game at Wrigley Field: Starting under $20, according to SeatGeek, but could cost hundreds from third-party vendors close to game time.

      •  Admission to the Art Institute of Chicago, a renowned museum founded by a group of artists all the way back in 1879: Start at $21 for adults who are Illinois residents ($14 for Chicagoans), but non-Illinois visitors will pay $26. (Kids aged 13 and younger are always free.)

      •  A regular beef from Al’s #1 Italian Beef, is $9.25 (cash only) from the legendary source of the city’s iconic Italian beef sandwich – serving the goods from its location on Taylor Street since 1938. (Dipped, regular, or dry, but with no extras.)

      The good news is, there’s plenty of free stuff to do in Illinois. For starters, every single one of its many glorious state parks is free to enter, though there may be fees to camp. Additionally, tours of the Lincoln Home in Springfield are free (first come, first served). And of course, Chicago is known for its many public parks, events, and art exhibits, including Cloud Gate, popularly known as “The Bean,” which is free to walk up to and admire in Millennium Park.

      Recommended: What are the Average Monthly Expenses for One Person?

      How Much Money Do You Need to Live Comfortably in Illinois?

      Obviously, definitions of “comfortable” vary. What might feel cushy to one person could feel like belt-tightening to another.

      That said, all things considered, Illinois is one of the cheapest states to live in based on a variety of different figures. As mentioned, MERIC puts it in the 21st position on its cost-of-living ranking, and while U.S. News and World Report, sets the state at 34th on its Affordability Ranking.

      Again, where exactly you decide to hang your hat in Illinois could make a big difference.


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      What City Has the Lowest Cost of Living in Illinois?

      Even as a relatively affordable state overall, you can stack the odds in your favor by opting for one of the lowest-cost cities in Illinois. The Council for Community and Economic Research, which we cited above when parsing grocery costs, also ranks metro areas by overall cost of living.

      Here are the three least expensive Illinois cities on its list as of 2024.

      Decatur

      With a cost-of-living index of 79.1 (Chicago’s is 115.1, for comparison), Decatur is the largest city in Macon County, with a population of almost 70,000.

      Only about 45 minutes east of Springfield, Decatur offers all of its own attractions — such as the Scovill Zoo and Chevrolet Hall of Fame Museum — within easy reach of the nearby capital city, and at a fraction of the price.

      Danville

      Tucked just over the border from Indiana, Danville has a cost-of-living index score of 94.4, and it also enjoys the lowest housing index costs in the state.

      With a population of just over 28,800, per census estimates, it’s certainly not a big city, but it packs a punch in charm: Lake Vermilion offers a lovely local waterfront, part of which is populated by a country club, and the Vermilion County Museum offers reconstructions of a 1900s school room and the interior of a coal mine.

      Champaign-Urbana

      Coming in with a cost-of-living index score of 93.9, Champaign-Urbana is another inland Illinois city worth taking a closer look at if you’re looking for affordable living. Per December 2024 Zillow data, the typical home value here is an affordable $206,351, and its status as home to the University of Illinois means there’s always something to do here.


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      The Illinois cost of living is on the moderate side, yet the Prairie State holds allure for corporate and outdoorsy types, foodies, sports fans, and architecture buffs.

      Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

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