University of Washington – Seattle Tuition and Fees
University of Washington – Seattle Tuition and Fees
(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.
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.
Popular Majors at the University of Washington
UW in Seattle offers more than 180 undergraduate majors. Here are 10 of the most popular areas of study.
1. Computer Science
Students can get a degree in Computer Science through the College of Arts and Sciences or a degree in Computer Engineering through the College of Engineering. The Computer Science major can be a better choice for students who want to focus on the design of software systems and applications, or are looking to double major with another College of Arts and Sciences program.
Undergraduate degrees in 2023-24: 480
2. Psychology
Psychology majors at UW focus on the scientific study of the mind, brain, and behavior, with a curriculum that emphasizes current research and theory. Many students go on to graduate school and/or work in a variety of fields, including business, human resources, marketing, management, research, teaching, social services, sales, and public service.
Undergraduate degrees in 2023-24: 437
3. Communications
Communications majors learn to critically analyze how media shapes public opinion, understand communication in various contexts, and develop skills in media production, critical thinking, and collaboration. They study theory, engage in research, and can choose to specialize in Journalism and Public Interest Communication.
Undergraduate degrees in 2023-24: 308
4. Informatics
The Informatics program at UW prepares students to design, build, manage, and secure information systems that impact society, organizations, and individuals. The curriculum emphasizes experiential learning, focusing on problem-solving, group work, research, and technology.
Undergraduate degrees in 2023-24: 295
5. Biochemistry
Biochemistry majors delve into the study of living organisms at the molecular level, examining the chemical processes and compounds that are essential to life. This degree prepares students for careers in chemistry or biochemistry. It also serves as a good foundation for those interested in graduate programs in medicine, dentistry, pharmacy and other health-related fields.
Undergraduate degrees in 2023-24: 280
6. Finance
The Finance program, which falls under the Bachelor of Arts in Business Administration degree, covers corporate finance, investments, financial markets, and international finance. Students learn business economic theory and financial management tools to apply to real-world financial problems.
Undergraduate degrees in 2023-24: 272
7. Economics
UW offers a B.A and a B.S. in Economics. Both degrees provide a strong foundation in economic theory and analysis, but the B.S. degree emphasizes quantitative skills and may be better suited for those aiming for graduate studies in economics or a related field like finance.
Undergraduate degrees in 2023-24: 266
8. Public Health-Global Health
The Public Health-Global Health major prepares students to promote the health and well-being of communities, locally, nationally, and globally. Graduates often go on to work at federal, state, and nonprofit agencies in the areas of health education, project management, policy, or communication.
Undergraduate degrees in 2023-24: 256
9. Electrical and Computer Engineering
Electrical and Computer Engineering majors learn to design, build, and analyze a wide range of electronic devices and systems, encompassing both hardware and software. They develop expertise in areas like circuits, electromagnetics, electronics, computing, and various applications such as energy systems, control systems, and robotics.
Undergraduate degrees in 2023-24: 227
10. Political Science
Poly sci majors at UW study the theory and practice of government and politics at various levels, from local to international. Students have the option to specialize in International Security or Political Economy. They also participate in internships, either in local agencies, the state legislature, or Washington, D.C.
Undergraduate degrees in 2023-24: 215
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.
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.
SOISL-Q225-089
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.
SoFi Invest SEM
{/*invest sem 2*/}
Start investing today
for as little as $5.
Trade stocks and ETFs, invest in IPOs at IPO prices, or try automated investing. Plus, you’ll get up to $1,000 in stock when you fund a new account.†
Open an account
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.
{/*
New! All-in-one
investing.
Now with IPOs.*
Invest in IPOs before public trading begins, trade stocks, and ETFs or start automated investing.
*/}
{/* QR CODE */}
{/*
Download the app and get up to
$1,000 when you open an account.
**No purchase necessary. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions.
*/}
More ways to
invest—all in one place.
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.**
Automated Investing
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.
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.
{/* Comment out calculator module
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.
*/}
{/* Sam Added CRS module*/}
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.
Learn more about investing.
See more investing articles
FAQs
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.
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.
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.
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.
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.
Read moreSoFi Schedules Conference Call to Discuss Q1 2023 Results
SAN FRANCISCO – 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.
Read moreCost of Living in Illinois
Cost of Living in Illinois
(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.
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.
Looking for a Home Loan?
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.
Photo credit: iStock/Sean Pavone
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
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.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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.
Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.
HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. SoFi is not responsible for the reward.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.
The trademarks, logos and names of other companies, products and services are the property of their respective owners.
SOHL-Q125-146