Salary & Cost of Living in Quincy, IL
Quincy, IL: $47,156 median salary, cost of living index 93.9, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$47,156
$23/hr
Cost of Living
93.9
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
4%
rate
Quincy, IL Overview
Population
39,521
Median Salary
$47,156
Average Salary
$52,815
Avg Commute
18 min
Median Home Price
$229,000
Median Rent
$936/mo
Job Growth
+1.8%
Sales Tax
6.25%
Quincy is located in Illinois with a population of 39,521. The median household salary is $47,156 per year ($23/hour), which is $12,228 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%.
Quincy Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Quincy, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$37,594
$3,132.84/month · $1,445.93/biweekly · Effective Rate: 20.3%
Gross Pay
$47,156
Federal Tax
-$3,620
State Tax
-$2,334
Local Tax
$0
FICA
-$3,607
Net Pay
$37,594
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,929.67 | $47,156.00 |
| Federal Income Tax | -$301.69 | -$3,620.22 |
| Illinois State Tax (4.95%) | -$194.52 | -$2,334.22 |
| Social Security (6.2%) | -$243.64 | -$2,923.67 |
| Medicare (1.45%) | -$56.98 | -$683.76 |
| Net Take-Home Pay | $3,132.84 | $37,594.12 |
Salary Comparison: Quincy vs Other Cities
See how Quincy's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Quincy, IL | $47,156 | 93.9 | $50,219 |
| National Average | $59,384 | 100 | $59,384 |
| Buckeye, AZ | $47,157 | 108.3 | $43,543 |
| Waxahachie, TX | $47,157 | 85 | $55,479 |
| Lufkin, TX | $47,148 | 87.7 | $53,761 |
| Elk Grove Village, IL | $47,144 | 91.8 | $51,355 |
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 Quincy
Quincy's cost of living index is 93.9 (national average = 100). Living in Quincy is 6.099999999999994% less expensive than the national average.
Median Home Price
$229,000
Median Monthly Rent
$936
Annual Rent Cost
$11,232
Your Salary's Purchasing Power
Your $37,594 annual take-home pay in Quincy has the purchasing power of approximately $40,036 in an average-cost US area. Your $47,156 salary stretches further here than in most US cities.
Top Industries in Quincy
Quincy's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $47,156.
Salary Tips for Quincy Workers
- Research top industries. Quincy's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $47,156 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 Quincy, IL?
The median salary in Quincy, IL is $47,156 per year, or $23 per hour. The average salary is $52,815. This is $12,228 below the national median of $59,384.
What is the cost of living in Quincy, IL?
Quincy's cost of living index is 93.9 (national average = 100), meaning it is 6.099999999999994% less expensive compared to the national average. The median home price is $229,000 and the median monthly rent is $936.
What are the best industries in Quincy?
The top industries in Quincy, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 1.8% and an unemployment rate of 4%. Workers in these industries often earn above the city's median salary of $47,156.
How does Quincy's salary compare to other cities?
Quincy's median salary of $47,156 is 20.6% below the national median of $59,384. However, when adjusted for cost of living (index: 93.9), the real purchasing power is approximately $50,219.
What is the minimum wage in Quincy, IL?
The minimum wage in Quincy, IL is $14.00 per hour. This equals approximately $29,120 per year for a full-time worker (40 hours/week). This is $6.75 above the federal minimum wage of $7.25/hour.