Broadview 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.
IndexBroadviewIllinoisNational
Cost of living index10398100
IndexBroadviewIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index8999100
Transportation index126104100
Utilities index9595100
An overview of the general cost of living index for Broadview, IL is displayed above for your reference. Residents in Broadview, IL enjoy a cost of living index of 103. This index is 5% higher than the Illinois average, and 3% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Broadview, IL, the average cost of goods and services is 12% higher than it is in Illinois, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Broadview is 5% higher than the Illinois average.
  • The cost of living in Broadview is 3% higher than the national average.
  • The cost of housing in Broadview is 11% 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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Compare Broadview, IL Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Broadview, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Broadview, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Broadview, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,863$5,072$1,420$1,826
Renters$35,705$2,975$833$1,071
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Broadview, IL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Broadview, IL homeowners, is $60,863. This would allow for a maximum of $1,420 per month to be spent on housing costs. For renters, the median monthly income is $35,705 which would result in a maximum of $833 to be spent on rental costs.

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%
When you are determining the total cost of living in Broadview, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemBroadviewNational 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

ItemBroadviewNational 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

ItemBroadviewNational 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

ItemBroadviewNational avg.Difference
Home Price $154,500.00$175,700.0012.1%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $845.00$920.008.2%

Transportation

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

Utilities

ItemBroadviewNational 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.
Hodgkins, IL2,18589-11%
Robbins, IL5,22192-8%
Hometown, IL4,35895-5%
Riverdale, IL13,27895-5%
Calumet Park, IL8,18998-2%
Broadview, IL7,9561033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Thousand Palms, CA7,9561077%
Fort Scott, KS7,95779-21%
Green, OR7,95498-2%
Ruidoso, NM7,95497-3%
Carnegie, PA7,96086-14%
Broadview, IL7,9561033%
Source: The Broadview, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.