Illinois Taxes, Wages and Living Costs (2026)

Illinois has a flat income tax rate of 4.95%, the 8th highest combined sales tax (8.98%) and a $15.00 minimum wage as of 2026.

State income tax
4.95%
Flat rate
Combined sales tax
8.98%
6.25% state + 2.73% avg. local
Minimum wage
$15.00
State rate, July 1, 2026
Property tax
1.88%
Effective rate on home value
Electricity
19.22¢/kWh
Residential average, July 2026

What It Adds Up To

$13,673 a year: that is roughly what a Illinois homeowner earning $75,000 pays in state income tax ($3,712), sales tax on $25,000 of purchases ($2,245), property tax on a $300,000 house ($5,640) and electricity at 900 kWh a month ($2,076).

Illinois Income Tax in 2026

Illinois uses a single flat rate. Single filers' standard deduction: none or a personal exemption instead. On $50,000 of wages, a single filer's Illinois tax works out to about $2,475 (5.0% of wages); on $100,000 it is about $4,950 (5.0%). Source: Tax Foundation, January 1, 2026.

RateSingle filersMarried filing jointly
4.95%over $0over $0

Take-Home Pay in Illinois

Estimated 2026 take-home pay for a single filer with no pre-tax deductions, using the federal brackets and $16,100 standard deduction, Social Security and Medicare, and Illinois's brackets above. Open the paycheck calculator set to Illinois to add a 401(k), change pay frequency or filing status.

SalaryFederal taxFICAState taxTake-home (year)Per biweekly check
$50,000$3,820$3,825$2,475$39,880$1,534
$75,000$7,670$5,738$3,712$57,880$2,226
$100,000$13,170$7,650$4,950$74,230$2,855

Sales Tax

The state rate is 6.25% and local governments add 2.73% on average, for a combined 8.98%, 8th highest of the 50 states and D.C. (median 7.00%). A $1,000 purchase carries about $90 in sales tax at the average combined rate. Source: Tax Foundation, July 1, 2026.

Minimum Wage

The Illinois minimum wage is $15.00 an hour, 13th highest in the country, or $31,200 a year for full-time work, $16,120 more than the federal $7.25. Source: U.S. Department of Labor, July 1, 2026.

Property Tax

Homeowners in Illinois paid property taxes equal to 1.88% of home value on average, the 1st highest effective rate (median state 0.79%). On a $300,000 home that is about $5,640 a year, or $470 a month in escrow. Source: Tax Foundation (Census ACS data), 2024 data.

Electricity Prices

Residential electricity averaged 19.22¢ per kWh in July 2026, the 17th highest of the 50 states and D.C. (median 16.09¢). A household using 900 kWh a month would pay about $173 before fixed charges. Source: U.S. EIA, July 2026 data.

Illinois Compared with Its Neighbors

Among the 5 states it borders, Illinois has the highest combined sales tax of its neighbors (8.98%), the highest property tax rate of its neighbors (1.88%) and the highest electricity price of its neighbors (19.22¢).

StateTop income taxSales taxMin. wageProperty taxElectricity
Illinois4.95%8.98%$15.001.88%19.22¢
Indiana2.95%7.00%$7.250.76%16.73¢
Iowa3.8%6.94%$7.251.33%15.99¢
Kentucky3.5%6.00%$7.250.74%13.81¢
Missouri4.7%8.44%$15.000.89%16.09¢
Wisconsin7.65%5.72%$7.251.32%19.06¢

Illinois figures use statewide averages and skip credits, exemptions and local income taxes; check Illinois revenue and labor department sites before filing or hiring.

💰 Finance Calculators
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Illinois Income Tax Calculator
Federal 2026 tax plus 4.95% top Illinois rate
Illinois specific
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State Tax Calculator
Illinois brackets, top rate 4.95%
2026 rates
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Mortgage Calculator
Payment plus Illinois property tax at 1.88%
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Home Affordability Calculator
Budget with 1.88% property tax
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Property Tax Calculator
Illinois effective rate: 1.88%
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Salary Converter
Hourly to annual; Illinois minimum $15.00
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