Retirement in Illinois

 

Population Climate State Income Tax State Sales Tax Median Home Price
128,31970 Primarily continental and humid 3 % 6.75 % $ 261, 000

Pros: Illinois shares its borders with the states of Missouri, Iowa, Wisconsin, Michigan, Indiana, and Kentucky. It is well connected by road and air to these states.

Cons: The highly diverse climate of Illinois may not suit you. While the temperatures within the state may vary from 116°F during summer to – 36°F during winter, the state is also vulnerable to thunderstorms and tornadoes (on an average Illinois faces 35 tornadoes in a year).

 

Why should you Want to look for a Retirement Home in Illinois?

 

To go straight to the point, retiring in Illinois is a more affordable option than the popular choice of retirement – the Sun Belt (the region covering the south and south-west portions of the US). “Retirement Homes” in Illinois give seniors the option to choose from a range of retirement facilities and conventional residences making it a preferred destination for more than one reason. Hospitals and care centers in the “Medical District” of Illinois are considered as important advantages to retirees who want to select Illinois as their retirement destination.

The River Bend region of Illinois supports quiet, scenic countryside living, and outdoor recreations like trout fishing and boating on the Mississippi are part of the beauty of living in this state. The prominent villages in this belt include Godfrey, Elsah, Alton, Galena and Wood River among others. The suburban areas of Palos Park, Deerfield, Wilmette and Naperville, marked by green spaces and quiet residential neighborhoods, offer a quality life and reasonable housing costs to retirees.

In case you are wondering about recreation in Illinois, the state provides its inhabitants ample opportunities to enjoy themselves. For nature lovers there is the Moraine View State Recreation Area. In fact, anyone, from nature lovers to sports lovers, will find something to enjoy here. From camping to hunting, there are a wide range of activities on offer for all who visit the area.

The wealth of college towns within Illinois in the Champaign-Urbana area gives retirees the option of settling in mid-sized towns that foster artistic and cultural pursuits.

The metropolis of Chicago and its suburban areas are some of the best places to retire in Illinois. In fact, Huntley is the focus of national real estate developers, like Del Webb Communities, who plan to build a community of 6,000 homes for active adult living.

If you are concerned about health related problems, the state government in Illinois ensures that seniors residing in the state are “ready” to handle medical emergencies. The state government maintains an updated website on medical help for seniors.

 

Cost of Living at Illinois:


The graph shows the cost of living in Illinois by category of expense as a percentage as compared to national averages, which are taken as 100%.

A key advantage of Illinois in terms of the cost of living is the cost of housing, which is substantially below when compared to many other regions in the US. As of September’ 07, half a gallon of milk in the state cost about $2.05, while a visit the doctor would cost you about $82.13. The price of real estate in a particular location has an influence over a lot of other factors, including commodities of daily use.