F
42%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
137%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Campton Hills Illinois National
Cost of living14296100
Goods & Services10697100
Groceries9798100
Health care9895100
Housing23795100
Transportation114103100
Utilities8089100

An Overview of Cost of Living in Campton Hills, IL

Knowing the cost of living in Campton Hills allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Campton Hills stands at 142, marking it 42% higher than the national average.

If you value affordability in your search for a new place to live, Campton Hills may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Campton Hills falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs significantly influence the Campton Hills cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 137.2%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Campton Hills Affordable?

Is Campton Hills an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Campton Hills, the median home price is 121.8% higher than what most folks pay across the country, and monthly rent prices are 173.1% higher than the usual rates. Income levels in Campton Hills come in at $173,503, which is 213.6% higher than the national average.

What Factors can Influence the Cost of Living in Campton Hills?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Campton Hills, the transportation index is 13.6% higher than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Where is the Data From?

The Campton Hills cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Campton Hills is 48% higher than the Illinois average
  • The cost of living in Campton Hills is 42% higher than the national average
  • Campton Hills housing is 137% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 119% higher than the national average

Most Affordable Places to Live in and Around Campton Hills

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Compare Campton Hills, IL Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$174,444$14,537$4,070$5,234
      Renters$105,461$8,788$2,461$3,164
      A good indicator of the general affordability of housing in Campton Hills, IL, 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 Campton Hills, the median monthly income is $174,444 for those who own their own homes. Under the standard rule, that income level would allow for $4,070 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $105,461, per the median income in the area. That would allow for renters to spend up to $2,461 on monthly rental expenses.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Goods & Services

      Item Campton Hills National avg. Difference
      Haircut $19.72$24.2618.7%
      Beauty Salon $37.22$45.5618.3%
      Toothpaste $3.72$3.700.6%
      Shampoo $1.32$1.283.3%
      Movie $9.99$12.1317.7%
      Bowling $16.00$18.0011.1%

      Groceries

      Item Campton Hills National avg. Difference
      Ground Beef $5.94$5.841.8%
      Fried Chicken $1.39$1.5711.8%
      Milk $4.55$4.672.5%
      Potatoes $5.08$4.933.0%
      Pizza $10.69$12.0911.6%
      Beer $9.61$10.417.7%

      Health Care

      Item Campton Hills National avg. Difference
      Optometrist $86.67$125.6831.0%
      Doctor $110.00$135.7819.0%
      Dentist $82.00$113.2927.6%
      Ibuprofen $10.17$10.654.5%
      Lipitor $511.00$468.609.0%

      Housing

      Item Campton Hills National avg. Difference
      Home Price $409,600.00$184,700.00121.8%
      Avg. Mortgage Payment $1,316.57$2,346.6943.9%
      Apartment Rent $2,592.00$949.00173.1%

      Transportation

      Item Campton Hills National avg. Difference
      Gasoline $3.52$3.461.7%
      Tire Balancing $45.00$59.9224.9%

      Utilities

      Item Campton Hills National avg. Difference
      All Electricity $156.87$193.9919.1%
      Phone $198.03$192.253.0%
      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 Population Cost of Living Index National Avg.
      Genoa, IL5,092927.6%
      Cortland, IL4,261963.6%
      Sycamore, IL17,990973.1%
      Carpentersville, IL37,6181054.9%
      Elgin, IL112,0621055.3%
      Campton Hills, IL10,96214242.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Montmagny, QC10,961n/a 
      Morgan City, LA10,9638614.0%
      Dobbs Ferry, NY10,95917372.5%
      DeRidder, LA10,955909.7%
      Waimea, HI10,96917574.9%
      Campton Hills, IL10,96214242.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.