How expensive is Illinois? Here’s the minimum living wage for your metro-east county
Missouri has one of the lowest living wages in the U.S., according to a recent report from personal finance media company GoBankingRates, while Illinois has the 13th-highest living wage in the country.
A resident of Missouri needs to make an average of $47,771 to live, the analysis says, putting the Show Me State in the eighth spot for the cheapest state to live. Illinois residents must make $49,372, the report continued.
GoBankingRates used consumer expenditure data from the U.S. Bureau of Labor Statistics and the Missouri Economic Research and Information Center to compile the ranking. The report was based on necessary expenses for a single person, and the analysis doubled the total annual cost of necessities to account for “discretionary spending and savings.”
The cost of necessities, such as food and shelter, has risen significantly over the past 12 months, data from the Bureau of Labor Statistics shows. Grocery prices are up 2.4%, while restaurant prices are up 6%, according to the federal agency.
Housing costs are up 7.1% across the nation, according to the federal agency, and the median rent price in Illinois is at $1,750, popular housing site Zillow reports. The rent calculation includes all property types and sizes for rental properties listed on the site.
Gas prices increased by 3% from September 2022 to September 2023, and the price of electricity is up 2.6%. The average gas price in Illinois is $3.405 per gallon as of Monday, while Missouri’s is $2.842, according to auto club AAA.
The cost for all items is up 3.7% over the past 12 months, according to the Bureau of Labor Statistics, while total compensation is up 4.5% for civilian workers in the second quarter of 2023 compared to the previous year.
Although wages have increased overall in the past year, the minimum wage still lags far below the living wage in many areas.
Illinois’ minimum wage sits at $13 an hour for non-tipped workers and $7.80 for tipped workers. The state’s minimum wage is set to increase to $14 and $8.40, respectively, Jan. 1, and then to $15 and $9 at the start of 2025.
Missouri’s minimum wage is $12 for non-tipped workers and $6 per hour for tipped workers (plus any amount necessary to make the total wage at least $12).
Here’s what to know about the living wage in southwestern Illinois counties and St. Louis.
Living wages in the metro-east
Here’s the hourly wage residents of metro-east counties need to make to afford basic living expenses, according to the Massachusetts Institute of Technology’s Living Wage Calculator:
$16.50 for a single adult with no children
$34.06 for a single adult with one child
$43.82 for a single adult with two children
$13.31 for two adults (both adults working) and no children
$19.06 for two adults (both working) and one child
$24.23 for two adults (both working) and two children
$16.50 for a single adult with no children
$34.32 for a single adult with one child
$44.38 for a single adult with two children
$13.31 for two adults (both adults working) and no children
$19.19 for two adults (both working) and one child
$24.49 for two adults (both working) and two children
$16.50 for a single adult with no children
$33.96 for a single adult with one child
$43.60 for a single adult with two children
$13.31 for two adults (both adults working) and no children
$19.01 for two adults (both working) and one child
$24.12 for two adults (both working) and two children
$15.27 for a single adult with no children
$31.93 for a single adult with one child
$41.10 for a single adult with two children
$12.72 for two adults (both adults working) and no children
$17.99 for two adults (both working) and one child
$22.88 for two adults (both working) and two children
$16.50 for a single adult with no children
$33.21 for a single adult with one child
$42.11 for a single adult with two children
$13.31 for two adults (both adults working) and no children
$18.64 for two adults (both working) and one child
$23.38 for two adults (both working) and two children
- $15.87 for a single adult with no children
- $32.21 for a single adult with one child
- $41.19 for a single adult with two children
- $12.81 for two adults (both working) and no children
- $18.14 for two adults (both working) and one child
- $22.92 for two adults (both working) and two children
- $15.04 for a single adult with no children
- $32.36 for a single adult with one child
- $41.93 for a single adult with two children
- $12.64 for two adults (both working) and no children
- $18.21 for two adults (both working) and one child
- $23.29 for two adults (both working) and two children
Living wages in St. Louis
$16.14 for a single adult with no children
$33.75 for a single adult with one child
$42.92 for a single adult with two children
$12.88 for two adults (both adults working) and no children
$18.81 for two adults (both working) and one child
$23.69 for two adults (both working) and two children
$16.14 for a single adult with no children
$36.66 for a single adult with one child
$49.16 for a single adult with two children
$12.88 for two adults (both adults working) and no children
$20.27 for two adults (both working) and one child
$26.60 for two adults (both working) and two children