Barrington Hills 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.
IndexBarrington HillsIllinoisNational
Cost of living index20698100
IndexBarrington HillsIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index43399100
Transportation index126104100
Utilities index9595100
The above illustration supplies generalized information for the Barrington Hills, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Barrington Hills, IL is 206, which is 110% higher than the Illinois average and 106% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Barrington Hills, IL are 12% higher than the average for Illinois and 8% higher than the rest of the country.

Did you know?

  • The cost of living in Barrington Hills is 110% higher than the Illinois average.
  • The cost of living in Barrington Hills is 106% higher than the national average.
  • The cost of housing in Barrington Hills is 333% higher 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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Compare Barrington Hills, IL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Barrington Hills, 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 Barrington Hills, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Barrington Hills, 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)
Owners$125,000$10,417$2,916$3,750
Renters$106,250$8,854$2,479$3,188
If you want to find a good determining factor for the cost of living and the general affordability of housing in Barrington Hills, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Barrington Hills, IL, the median monthly income is $125,000 for those who own their own homes. Under the standard rule, that income level would allow for $2,916 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $106,250, per the median income in the area. That would allow for renters to spend up to $2,479 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
One thing to keep in mind when considering the cost of living in Barrington Hills, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemBarrington HillsNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemBarrington HillsNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemBarrington HillsNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemBarrington HillsNational avg.Difference
Home Price $760,600.00$175,700.00332.9%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemBarrington HillsNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemBarrington HillsNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
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.
Round Lake Park, IL7,7581044%
Carpentersville, IL38,1281044%
Woodstock, IL25,12196-4%
Holiday Hills, IL6541066%
Elgin, IL110,9061066%
Barrington Hills, IL3,653206106%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Crane, TX3,65381-19%
Carrollton, MO3,65281-19%
Sunset Beach, NC3,65411010%
Gaylord, MI3,65183-17%
Forks, WA3,65692-8%
Barrington Hills, IL3,653206106%
Source: The Barrington Hills, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.