Channahon 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.
Cost of living index10699100
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index12099100
Transportation index10097100
Utilities index103101100
Here we can see a simple outline of the cost of living in Channahon, IL. As you can see, with the average cost of living in Channahon, IL being 106, that puts it 7% higher than the average of Illinois and 6% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Channahon, IL, the price of goods and services are 2% lower than the average of Illinois as well as 4% lower than the nation's average.

Did you know?

  • The cost of living in Channahon is 7% higher than the Illinois average.
  • The cost of living in Channahon is 6% higher than the national average.
  • The cost of housing in Channahon is 20% 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
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Channahon, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Channahon, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Channahon, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Channahon, 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 Channahon, IL, the median monthly income is $99,263 for those who own their own homes. Under the standard rule, that income level would allow for $2,316 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,364, per the median income in the area. That would allow for renters to spend up to $1,082 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Channahon, 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 9.75%. 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

ItemChannahonNational avg.Difference
Haircut $15.50$14.596.2%
Beauty Salon $37.40$34.687.8%
Toothpaste $3.31$2.4733.8%
Shampoo $1.53$1.0249.7%
Movie $10.26$9.874.0%
Bowling $3.51$4.3920.1%


ItemChannahonNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.56$1.466.6%
Milk $2.65$2.3612.4%
Potatoes $2.78$3.069.2%
Pizza $8.86$9.244.1%
Beer $8.19$8.635.1%

Health Care

ItemChannahonNational avg.Difference
Optometrist $111.13$99.7811.4%
Doctor $129.44$105.0323.2%
Dentist $82.38$88.707.1%
Ibuprofen $8.99$9.414.5%
Lipitor $298.47$298.500.0%


ItemChannahonNational avg.Difference
Home Price $193,000.00$175,700.009.8%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $1,333.00$920.0044.9%


ItemChannahonNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $49.67$45.299.7%


ItemChannahonNational avg.Difference
All Electricity$175.65$170.802.8%
Phone $29.20$28.263.3%
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.
Wilmington, IL14880-20%
Verona, IL23589-11%
Fairmont, IL2,38491-9%
Godley, IL62292-8%
Lakewood Shores, IL1,25093-7%
Channahon, IL12,4221066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wilmington, OH12,42490-10%
Loveland, OH12,42595-5%
Effingham, IL12,42886-14%
Jacksonville, AL12,41687-13%
New Carrollton, MD12,41211313%
Channahon, IL12,4221066%
Source: The Channahon, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.