Carpentersville, IL Cost Of Living

Carpentersville 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.
Index	Carpentersville	Illinois	National
Cost of living index	104	99	100
Index	Carpentersville	Illinois	National
Goods & Services index	115	101	100
Groceries index	108	97	100
Health care index	101	101	100
Housing index	89	95	100
Transportation index	127	105	100
Utilities index	90	96	100

Displayed above is a general overview of the Carpentersville, IL cost of living index. The overall cost of living index in Carpentersville, IL is 104, which is 6% higher than the Illinois average and 4% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Carpentersville, IL are 14% higher than the Illinois average and 15% higher than the national average.

Did you know?

The cost of living in Carpentersville is 6% higher than the Illinois average.
The cost of living in Carpentersville is 4% higher than the national average.
The cost of housing in Carpentersville 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Carpentersville, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Carpentersville, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Carpentersville, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$71,169	$5,931	$1,660	$2,135
Renters	$37,132	$3,094	$866	$1,114

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Carpentersville, 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 Carpentersville, IL homeowners, is $71,169. This would allow for a maximum of $1,660 per month to be spent on housing costs. For renters, the median monthly income is $37,132 which would result in a maximum of $866 to be spent on rental costs.

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	3.75%	3.75%

The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Carpentersville, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Item	Carpentersville	National avg.	Difference
Haircut	$20.00	$16.09	24.3%
Beauty Salon	$69.87	$37.33	87.2%
Toothpaste	$2.80	$2.45	14.3%
Shampoo	$0.98	$1.00	1.7%
Movie	$13.72	$10.28	33.5%
Bowling	$8.00	$4.93	62.2%

Groceries

Item	Carpentersville	National avg.	Difference
Ground Beef	$4.33	$3.80	13.8%
Fried Chicken	$1.28	$1.40	8.1%
Milk	$1.95	$2.01	2.9%
Potatoes	$3.79	$3.01	26.0%
Pizza	$9.99	$9.89	1.1%
Beer	$8.49	$8.90	4.6%

Health Care

Item	Carpentersville	National avg.	Difference
Optometrist	$95.00	$102.16	7.0%
Doctor	$100.00	$108.36	7.7%
Dentist	$102.33	$92.53	10.6%
Ibuprofen	$9.87	$9.28	6.4%
Lipitor	$414.41	$425.82	2.7%

Housing

Item	Carpentersville	National avg.	Difference
Home Price	$151,300.00	$184,700.00	18.1%
Avg. Mortgage Payment	$1,785.17	$1,202.44	48.5%
Apartment Rent	$994.00	$949.00	4.7%

Transportation

Item	Carpentersville	National avg.	Difference
Gasoline	$2.93	$2.24	30.6%
Tire Balancing	$55.00	$46.29	18.8%

Utilities

Item	Carpentersville	National avg.	Difference
All Electricity	$130.69	$165.96	21.3%
Phone	$29.99	$28.68	4.6%

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, State	Population	Cost of Living Index	National Avg.
Union, IL	484	92	-8%
Pingree Grove, IL	5,983	94	-6%
Woodstock, IL	25,232	94	-6%
Elgin, IL	111,919	106	6%
Holiday Hills, IL	698	107	7%
Carpentersville, IL	38,275	104	4%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Friendswood, TX	38,272	105	5%
Montclair, CA	38,294	121	21%
Chelsea, MA	38,244	130	30%
Florence, SC	38,221	99	-1%
Hanover Park, IL	38,331	108	8%
Carpentersville, IL	38,275	104	4%

Source: The Carpentersville, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Carpentersville, IL Cost of Living