Aledo cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8699100
Goods & Services index9998100
Groceries index10099100
Health care index92101100
Housing index5599100
Transportation index10297100
Utilities index100101100
Here we can see a simple outline of the cost of living in Aledo, IL. As you can see, with the average cost of living in Aledo, IL being 86, that puts it 13% lower than the average of Illinois and 14% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Aledo, IL, the price of goods and services are equal to the average of Illinois as well as 1% lower than the nation's average.

Did you know?

  • The cost of living in Aledo is 13% lower than the Illinois average.
  • The cost of living in Aledo is 14% lower than the national average.
  • The cost of housing in Aledo is 45% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Aledo, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Aledo, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Aledo, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Aledo, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Aledo, IL have a median income of $56,094. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,309 per month to avoid calamity and poverty. The renters in the city have an income of about $27,716, which would make their monthly maximum allowable rental costs $647.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Aledo, IL and want to know what the true cost of living is, they ought to look at both the Illinois income tax rate and the Illinois sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Illinois, the sales tax is 6.25%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Illinois, the income tax rate ranges between 3.75% to 3.75%.

Goods & Services

ItemAledoNational avg.Difference
Haircut $13.50$14.597.5%
Beauty Salon $28.00$34.6819.3%
Toothpaste $2.12$2.4714.3%
Shampoo $0.92$1.0210.0%
Movie $9.88$9.870.1%
Bowling $2.75$4.3937.4%


ItemAledoNational avg.Difference
Ground Beef $4.69$4.484.8%
Fried Chicken $1.56$1.466.6%
Milk $2.33$2.361.1%
Potatoes $2.99$3.062.3%
Pizza $8.99$9.242.7%
Beer $8.37$8.633.0%

Health Care

ItemAledoNational avg.Difference
Optometrist $97.00$99.782.8%
Doctor $115.00$105.039.5%
Dentist $64.67$88.7027.1%
Ibuprofen $8.99$9.414.5%
Lipitor $296.88$298.500.5%


ItemAledoNational avg.Difference
Home Price $91,700.00$175,700.0047.8%
Avg. Mortgage Payment $1,182.15$1,081.039.4%
Apartment Rent $560.00$920.0039.1%


ItemAledoNational avg.Difference
Gasoline $2.03$2.092.9%
Tire Balancing $51.92$45.2914.7%


ItemAledoNational avg.Difference
All Electricity$142.93$170.8016.3%
Phone $34.56$28.2622.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Oak Grove, IL75677-23%
Keithsburg, IL59874-26%
Seaton, IL24676-24%
North Henderson, IL20182-18%
Little York, IL28979-21%
Aledo, IL3,72486-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newport, SC3,7241011%
Clyde, TX3,72386-14%
Rochester, IL3,72597-3%
Village Green, NY3,72291-9%
South Toms River, NJ3,72211616%
Aledo, IL3,72486-14%
Source: The Aledo, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.