Cary 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.
IndexCaryIllinoisNational
Cost of living index11399100
IndexCaryIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index12899100
Transportation index11297100
Utilities index104101100
The above illustration supplies generalized information for the Cary, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Cary, IL is 113, which is 14% higher than the Illinois average and 13% 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 Cary, IL are 8% higher than the average for Illinois and 6% higher than the rest of the country.

Did you know?

  • The cost of living in Cary is 14% higher than the Illinois average.
  • The cost of living in Cary is 13% higher than the national average.
  • The cost of housing in Cary is 28% 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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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
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The salary calculator is used in order to provide a comparison of your current salary in Cary, 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 Cary, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Cary, 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$108,727$9,061$2,537$3,262
Renters$45,652$3,804$1,065$1,370
If you want to find a good determining factor for the cost of living and the general affordability of housing in Cary, 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 Cary, IL, the median monthly income is $108,727 for those who own their own homes. Under the standard rule, that income level would allow for $2,537 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,652, per the median income in the area. That would allow for renters to spend up to $1,065 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%
When considering the overall cost of living expenses in Cary, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 9.75%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemCaryNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%

Groceries

ItemCaryNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemCaryNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%

Housing

ItemCaryNational avg.Difference
Home Price $226,200.00$175,700.0028.7%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,166.00$920.0026.7%

Transportation

ItemCaryNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemCaryNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
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.
Round Lake Beach, IL28,048100-0%
McCullom Lake, IL1,00193-7%
Fox Lake, IL10,7571022%
Round Lake Park, IL7,7581022%
Carpentersville, IL38,1281022%
Cary, IL18,11511313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oswego, NY18,11990-10%
Manchester, MO18,1251055%
Tumwater, WA18,1281077%
White Oak, MD18,10112929%
Frankfort, IL18,10012828%
Cary, IL18,11511313%
Source: The Cary, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.