Cost of Living in Quincy
Quincy's cost of living runs genuinely, substantially low on housing, offset by a real, elevated effective property tax rate above Illinois's own already-high statewide average.
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Learn moreGenuinely, substantially affordable purchase prices
Zillow's own figure puts Quincy's average home value at approximately $176,705 -- well below both the Illinois statewide figure ($294,136) and the national figure, among the most affordable Illinois Tier A markets built in this project.
A real, elevated property-tax offset
Quincy's own median effective property tax rate ran 2.17% per Ownwell -- above Illinois's already-high 1.88% Tax Foundation statewide average.
Illinois's simple flat income tax applies statewide
Illinois's real, simple flat 4.95% state income tax applies in Quincy as statewide, with no Quincy-specific local income tax layer, and Illinois's substantial full retirement-income exemption applies equally here.
Key takeaways
- Quincy's housing purchase prices run genuinely, substantially low -- among the most affordable Illinois Tier A markets in this project.
- Quincy's effective property tax rate (2.17%) runs above Illinois's own already-high statewide average.
- Budget for the full carrying-cost picture, not purchase price alone.
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