Salary & Cost of Living in Champaign, IL
Champaign, IL: $54,000 median salary, cost of living index 88, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$54,000
$26/hr
Cost of Living
88
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3%
rate
Champaign, IL Overview
Population
88,302
Median Salary
$54,000
Average Salary
$60,000
Avg Commute
18 min
Median Home Price
$180,000
Median Rent
$950/mo
Job Growth
+1.8%
Sales Tax
9%
Champaign is located in Illinois with a population of 88,302. The median household salary is $54,000 per year ($26/hour), which is $5,384 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.8%.
Champaign Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Champaign, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$42,755
$3,562.88/month · $1,644.40/biweekly · Effective Rate: 20.8%
Gross Pay
$54,000
Federal Tax
-$4,442
State Tax
-$2,673
Local Tax
$0
FICA
-$4,131
Net Pay
$42,755
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,500.00 | $54,000.00 |
| Federal Income Tax | -$370.13 | -$4,441.50 |
| Illinois State Tax (4.95%) | -$222.75 | -$2,673.00 |
| Social Security (6.2%) | -$279.00 | -$3,348.00 |
| Medicare (1.45%) | -$65.25 | -$783.00 |
| Net Take-Home Pay | $3,562.88 | $42,754.50 |
Salary Comparison: Champaign vs Other Cities
See how Champaign's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Champaign, IL | $54,000 | 88 | $61,364 |
| National Average | $59,384 | 100 | $59,384 |
| Tulsa, OK | $54,000 | 85 | $63,529 |
| Little Rock, AR | $53,500 | 88 | $60,795 |
| Santa Ana, CA | $55,000 | 150 | $36,667 |
| Ontario, CA | $55,000 | 108 | $50,926 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Champaign
Champaign's cost of living index is 88 (national average = 100). Living in Champaign is 12% less expensive than the national average.
Median Home Price
$180,000
Median Monthly Rent
$950
Annual Rent Cost
$11,400
Your Salary's Purchasing Power
Your $42,755 annual take-home pay in Champaign has the purchasing power of approximately $48,585 in an average-cost US area. Your $54,000 salary stretches further here than in most US cities.
Top Industries in Champaign
Champaign's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $54,000.
Salary Tips for Champaign Workers
- Your salary goes further here. Champaign has a cost of living 12% below the national average. A salary of $54,000 here has the purchasing power of about $61,364 in an average-cost area.
- Research top industries. Champaign's top industries include Education, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $54,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Champaign, IL?
The median salary in Champaign, IL is $54,000 per year, or $26 per hour. The average salary is $60,000. This is $5,384 below the national median of $59,384.
What is the cost of living in Champaign, IL?
Champaign's cost of living index is 88 (national average = 100), meaning it is 12% less expensive compared to the national average. The median home price is $180,000 and the median monthly rent is $950.
What are the best industries in Champaign?
The top industries in Champaign, IL include Education, Technology, Healthcare. The city has a job growth rate of 1.8% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $54,000.
How does Champaign's salary compare to other cities?
Champaign's median salary of $54,000 is 9.1% below the national median of $59,384. However, when adjusted for cost of living (index: 88), the real purchasing power is approximately $61,364.
What is the minimum wage in Champaign, IL?
The minimum wage in Champaign, IL is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.