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Living in Illinois · 2026

Is $48,000 enough to live in Illinois?

Single adult · IL · 2026 tax brackets · Real cost-of-living data

Statewide verdict:Comfortable

Monthly take-home

$3,192

Avg monthly expenses

$2,430

Avg monthly surplus

$762

Savings potential

~24%

After-tax take-home in Illinois

Gross salary$48,000
Federal income tax− $3,654
State income tax− $2,376
Social Security− $2,976
Medicare− $696
Annual take-home$38,298
Effective tax rate20.21%

How $48,000 feels in Illinois cities

Rent: HUD FMR 2026 · Food: USDA Low-Cost Plan × COL · Transport/Utilities/Healthcare: BLS CES × COL

Chicago

COL index: 1.38× national avg

Very tight
Rent (1BR)
$2,000
Food
$519
Transport
$241
Utilities
$228
Healthcare
$276
Total: $3,264/mo
Surplus: $-72/mo
Rent burden: 62.7% — Unaffordable (> 50%)
Full Chicago analysis →

Aurora

COL index: 1.08× national avg

Comfortable
Rent (1BR)
$1,400
Food
$493
Transport
$189
Utilities
$178
Healthcare
$216
Total: $2,476/mo
Surplus: $716/mo
Rent burden: 43.9% — High (35–50%)
Full Aurora analysis →

Naperville

COL index: 1.18× national avg

Manageable
Rent (1BR)
$1,600
Food
$528
Transport
$207
Utilities
$195
Healthcare
$236
Total: $2,766/mo
Surplus: $426/mo
Rent burden: 50.1% — Unaffordable (> 50%)
Full Naperville analysis →

Joliet

COL index: 1.00× national avg

Comfortable
Rent (1BR)
$1,250
Food
$462
Transport
$175
Utilities
$165
Healthcare
$200
Total: $2,252/mo
Surplus: $940/mo
Rent burden: 39.2% — High (35–50%)
Full Joliet analysis →

Rockford

COL index: 0.91× national avg

Comfortable
Rent (1BR)
$1,050
Food
$409
Transport
$159
Utilities
$150
Healthcare
$182
Total: $1,950/mo
Surplus: $1,242/mo
Rent burden: 32.9% — Manageable (25–35%)
Full Rockford analysis →

Springfield

COL index: 0.88× national avg

Comfortable
Rent (1BR)
$1,000
Food
$396
Transport
$154
Utilities
$145
Healthcare
$176
Total: $1,871/mo
Surplus: $1,321/mo
Rent burden: 31.3% — Manageable (25–35%)
Full Springfield analysis →

50 / 30 / 20 Budget Planner

Based on your monthly take-home of $3,192 ($38,304/yr)

Needs 50%Wants 30%Savings 20%
Needs50%

$1,596

per month

  • ›Rent / mortgage
  • ›Groceries
  • ›Utilities
  • ›Insurance
  • ›Minimum debt payments
  • ›Transportation
Wants30%

$958

per month

  • ›Dining out
  • ›Streaming services
  • ›Gym
  • ›Hobbies
  • ›Travel
  • ›Shopping
Savings20%

$638

per month

  • ›Emergency fund
  • ›401(k) / IRA
  • ›Investments
  • ›Down payment fund
  • ›Debt payoff (extra)

Needs / year

$19,152

Wants / year

$11,491

Savings / year

$7,661

Salary Intelligence

Financial pressure in Chicago

Rent alone would take 63% of take-home income. This salary creates significant financial pressure in this city — a $80,000 annual income or lower rent is needed to reach affordability.

Lifestyle score: 1.2/10 (Difficult)

Lifestyle Assessment

A $48,000 salary does not fully cover typical living expenses for a single adult in Chicago, Illinois. Monthly costs exceed take-home pay by $72, indicating this income is insufficient for an independent lifestyle here without additional income or reduced spending.

Purchasing Power

Chicago's above-average cost of living (index: 1.38) means $48,000 provides the purchasing power of roughly $34,783 in an average-cost US city, or $41,043 in Austin. Moving to a lower-cost state could effectively increase your take-home by thousands.

State & National Benchmark

$48,000 is slightly above the Illinois individual median of $45,700 (+5%). The state household median is $78,433.

State individual median

$45,700

+5%

State household median

$78,433

-39%

Tax reduction strategies

Maximize 401(k) Contributions — Up to $5,170 in federal tax (22% bracket)
Contribute to a Traditional IRA — Up to $1,540 in federal tax (22% bracket)

$48,000 vs. Illinois income benchmarks

Individual median (Illinois)

$45,700

+5% vs. this salary

Household median (Illinois)

$78,433

-39% vs. this salary

Source: US Census Bureau ACS 2023

Related salary insights

Explore other salary levels in Illinois

$40,000$60,000$100,000$150,000$200,000$300,000
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Reviewed by

Finance Editor

CPA, 10+ years in personal finance

Data Sources

Data updated monthly using government datasets.