What does a Elementary School Teacher salary really buy you in Illinois?
Illinois is near the US average cost of livingData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Elementary School Teacher earning $64,160 in Illinois has the equivalent purchasing power of $63,336 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Illinois's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $45,750 | $45,162 | $-587 |
| 25th Percentile (P25) | $51,160 | $50,503 | $-656 |
| Median (P50) | $64,160 | $63,336 | $-823 |
| 75th Percentile (P75) | $81,720 | $80,671 | $-1,048 |
| 90th Percentile (P90) | $101,350 | $100,049 | $-1,300 |
Illinois's cost of living is close to the national average, so $64,160 keeps most of its value at $63,336 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Elementary School Teacher salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Illinois ranks #29 out of 50 states for Elementary School Teacher after cost-of-living adjustment.
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A Elementary School Teacher in Illinois earns a median salary of $64,160 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $63,336 — a -1.3% difference.
Illinois's cost of living is 1.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Illinois is 101.3 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Elementary School Teacher in Illinois: $64,160 x (100 / 101.3) = $63,336. This represents what the salary would be worth in a state with average living costs.