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Cost of Living
One of the benefits of a Kewanee location is the low cost of living. Kewanee is part of the Quad Cities IL/IA MSA and is located on the edge of the Peoria-Pekin, IL MSA. Both areas are recognized as having very affordable and attractive costs of living that translate into lower business operating costs. Kewanee’s cost of living is even lower and by some estimates, it is 30% below national figures (Sperling’s Best Places Website)
| Location |
1Q 2010 - Composite |
1Q 2010 - Grocery |
1Q 2010 - Housing |
1Q 2010 - Utilities |
1Q 2010 - Transportation |
1Q 2010 - Health Care |
1Q 2010 - Misc Goods and Services |
2009 Annual Avg - Composite |
| Quad Cities IL/IA MSA (Includes Henry County, IL; Mercer County, IL; Rock Island County, IL; Scott County, IA) |
98.7 |
100.5 |
96.8 |
81.3 |
108.1 |
97.4 |
101.9 |
96.7 |
| Peoria-Pekin, IL MSA (Includes Marshall County, IL; Peoria County, IL; Stark County, IL; Tazewell County, IL; Woodford County, IL) |
95 |
92.5 |
93.2 |
87.1 |
101.9 |
96.3 |
97.4 |
100.6 |
Source: C2ER; ACCRA Cost of Living Index; 1st Quarter 2010; Annual Average 2009 and Bi-State Regional Planning Commission
Gross Domestic Product
| Location |
Gross Domestic Product 2008 |
| Quad Cities IL/IA MSA |
$16,791,000,000 |
| Peoria – Pekin IL MSA |
$17,308,000,000 |
| Total Regional GDP |
$34,099,000,000 |
Source: U.S. Department of Commerce, Bureau of Economic Analysis
Expense Statistics for Kewanee
Index score (100 = National Average) represents the average household expenses in this category
| Expense |
Index Score |
| Total Expenses |
76 |
| Apparel |
75 |
| Contributions |
69 |
| Education |
66 |
| Entertainment |
74 |
| Food & Beverage |
78 |
| Gifts |
70 |
| Health Costs |
81 |
| Home Furnishings |
72 |
| Household Costs |
69 |
| Insurance |
69 |
| Miscellaneous |
78 |
| Personal |
76 |
| Shelter |
75 |
| Transportation |
76 |
| Utilities |
80 |
Source: Cityinfo.local.com
Retail Sales
Kewanee has always been an attractive community for retailers and serves as a regional retail center for communities in a 25 mile market area. Residents in Kewanee and surrounding areas have a number of shopping options within the community which is evidenced by our vibrant downtown, healthy retail developments, and thriving retailers.
City of Kewanee Retail Sales (2000 to 2009)
| Year |
Total Retail Sales |
Sales Per Firm |
Per Capita Sales |
| 2000 |
$171,124,445 |
$379,433 |
$13,220 |
| 2001 |
$176,445,690 |
$392,975 |
$13,776 |
| 2002 |
$177,982,476 |
$413,913 |
$13,977 |
| 2003 |
$172,948,600 |
$408,862 |
$13,631 |
| 2004 |
$184,292,725 |
$445,152 |
$14,687 |
| 2005 |
$224,373,779 |
$529,183 |
$17,992 |
| 2006 |
$238,022,399 |
$565,374 |
$19,250 |
| 2007 |
$237,642,518 |
$556,540 |
$19,258 |
| 2008 |
$238,080,979 |
$659,504 |
$19,353 |
| 2009 |
$213,000,000 |
$645,455 |
$17,400 |
Between 2000 and 2008, total retail sales in Kewanee increased 39.1%. During the same time period, the State of Illinois’ total retail sales increased 20.8%. In 2008, Kewanee had per capita retail sales of $19,353 in comparison to $12,774 for downstate Illinois (outside of Chicago MSA) during the same year. This resulted in a positive pull factor of 1.52 meaning that Kewanee exceeded what would be expected compared to other downstate communities and is attracting customers from outside to its retailers. Like all communities, Kewanee’s total retail sales decreased in 2009 but are projected to increase based on early 2010 figures.
Regional Retail Sales 2008
| Region |
Total Retail Sales |
| Kewanee |
$238,080,979 |
| Henry County |
$521,416,539 |
| Quad Cities IL/IA MSA |
$4,811,980,605 |
| Peoria –Pekin MSA |
$4,734,000,000 |
| Total Regional Retail Sales |
$9,545,980,605 |
Sources: Illinois Department of Revenue and Illinois Institute of Rural Affairs
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