Taxi Drivers Salary in Illinois: Cost of Living Adjusted (2024)

What does a Taxi Drivers salary really buy you in Illinois?

Illinois is near the US average cost of living

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary

$29,120

Median annual (2024)

→ -1.3%

Real Purchasing Power

$28,746

COL-adjusted (RPP=101.3)

Illinois Cost of Living Index

Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Taxi Drivers earning $29,120 in Illinois has the equivalent purchasing power of $28,746 in an average-cost US state.

IL: 101.3

Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

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)	$29,120	$28,746	$-373
25th Percentile (P25)	$29,120	$28,746	$-373
Median (P50)	$29,120	$28,746	$-373
75th Percentile (P75)	$34,940	$34,491	$-448
90th Percentile (P90)	$38,360	$37,867	$-492

Key Insight

Illinois's cost of living is close to the national average, so $29,120 keeps most of its value at $28,746 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Taxi Drivers (After Cost of Living)

Where does Taxi Drivers salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. Nevada

$50,923

RPP 96.4

2. Missouri

$40,230

RPP 91.1

3. New York

$37,760

RPP 107.6

4. Minnesota

$37,727

RPP 97.7

5. Nebraska

$37,282

RPP 89.8

6. North Carolina

$36,932

RPP 94.2

7. Texas

$36,523

RPP 97.5

8. California

$34,222

RPP 112.5

9. Oregon

$33,527

RPP 106.6

10. New Jersey

$33,511

RPP 108.8

Illinois ranks #22 out of 26 states for Taxi Drivers after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Taxi Drivers in Illinois after cost of living?

A Taxi Drivers in Illinois earns a median salary of $29,120 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $28,746 — a -1.3% difference.

Is Illinois expensive to live in?

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).

What are Regional Price Parities (RPP)?

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.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Taxi Drivers in Illinois: $29,120 x (100 / 101.3) = $28,746. This represents what the salary would be worth in a state with average living costs.