President’s Day falls on Monday, February 17 this year, but if you live in Illinois you may be even more interested in February 12. That’s because it’s the day Abraham Lincoln was born. Here in the land of Lincoln, we take great pride in the heritage of our 16th president. It is just one reason life in this state is still pretty great.
Even from a financial perspective, there are many benefits to settling and building roots here in the prairie state – as well as numerous local money services to help you stay on top of your finances.
Slightly Lower Cost of Living
Some costs remain high for a lot of folks. However, while looking for good deals on groceries and household products, it helps to compare prices with other locations to discover what they could be elsewhere. For example, in terms of overall affordability, Illinois ranks above average. Another group broke down the cost of living in Illinois compared to the national average and here are the costs they found that are comparatively lower:
- Housing
- Utilities
- Healthcare
- Goods and services
- Food
Only transportation ranked slightly higher thanks to a robust transportation system that serves the nation’s third largest city. People considering relocating should do their own research. Chicago may certainly be more expensive in some ways, but big city life isn’t for everyone. There are many wonderful places to live throughout the state!
Robust Public Transportation
Illinois has invested over the decades in a well-developed public transportation system, particularly in Chicago, which can reduce transportation costs for those who use it frequently. The “L” train system, buses, and Metra trains allow people to commute efficiently without needing to own a car. Doing so might help them save money on fuel, insurance, parking, and auto maintenance. In some of our smaller cities, gas prices are generally lower, as well. No matter where you live, you get the best of both worlds.
Plans to Ditch Sales Tax on Food
At a mere 1%, those sales tax figures on food receipts are already pretty low, but they’re about to get lower. That’s because the tax on grocery food items and other qualifying goods is slated to be reduced to zero in 2026. Residents will still be paying taxes on other items, but the change may bring a sigh of relief to those struggling to cover the cost of their grocery bills. Keep in mind, the change does not apply to restaurants and other places where people stay to dine.
Driving & Snowmobiling in the Midwest
Illinois, and the Midwest in general, is not always appreciated for its amazing road trip opportunities. This region boasts countless scenic byways, extending from Wisconsin into Illinois, and from Indiana into Michigan. No matter where you live, there is somewhere not far off with amazing views worth visiting, not to mention state and national parks waiting for you to explore on foot.
If you’re not into driving but you want to explore Illinois’ nearly 2,500 miles of snowmobile trails in winter, or make waves in your speedboat in the summer on one of the Great Lakes, we’ve got you covered.
Take Care of Urgent Auto Needs in Illinois
The land of Lincoln is home to more than 8.5 million drivers. One reason is that Chicago is considered a commuter town, since so many suburbanites commute to and from the windy city each day. For all the folks who drive, Cash2Go locations throughout Chicago’s suburbs make taking care of car-related tasks fast and easy. Here’s what we can help you with:
- License Plate Renewals
- Title Transfers & Plates
- Trailer Registration
- Snowmobile Registration
Cash2Go Financial Makes Illinois Living Convenient and Fun
Cash2Go Financial offers a broad variety of services created to help people throughout northern Illinois manage their finances and auto needs. Call 847-269-2274 to talk to one of our team members, or check out your nearest Cash2Go Financial location today!