B+
2%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
4%
Housing NAT. AVG.
Search Homes for Sale
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 Cicero Illinois National
Cost of living10296100
Goods & Services10797100
Groceries10498100
Health care10895100
Housing9695100
Transportation107103100
Utilities8989100

An Overview of Cost of Living in Cicero, IL

The cost of living in Cicero affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Cicero is 102, which is 2% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Cicero aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Cicero residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

What Do Locals Say About the Cost of Living in Cicero?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Cicero. The results indicated that 57% found it reasonably priced with decreasing prices of goods and services, while 43% viewed it as quite expensive, with increasing prices.

Is Cicero Affordable?

Is Cicero affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Cicero, the median home price is 5.6% lower than the national average and monthly rent prices are 0.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Cicero boasting a median household income of $53,726, 2.9% lower than the national average.

What Factors can Influence the Cost of Living in Cicero?

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Cicero comes in at 10.8% lower than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Cicero, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 4.95%.

Where is the Data From?

The Cicero cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

New Real Estate Listings in Cicero Area
Search Homes for Sale in Cicero, IL

Cost Of Living Quick Facts

  • The cost of living in Cicero is 5% higher than the Illinois average
  • The cost of living in Cicero is 2% higher than the national average
  • Cicero housing is 4% lower 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 Cicero

See all the best places to live around Cicero

Compare Cicero, IL Cost of Living

      vs
      How would you rate the cost of living in Cicero?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Cicero?
      Write a review to give others more information about this area.
      See all Cicero poll results

      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$70,026$5,836$1,634$2,101
      Renters$40,803$3,400$952$1,224
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Cicero, IL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Cicero, homeowners have a median income of $70,026. Using that number, a maximum of $1,634 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $40,803, which means there is a maximum of $952 to be spent on the costs of renting a home or apartment.

      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 Cicero National avg. Difference
      Haircut $33.69$24.2638.9%
      Beauty Salon $53.44$45.5617.3%
      Toothpaste $3.75$3.701.4%
      Shampoo $1.27$1.281.1%
      Movie $17.91$12.1347.6%
      Bowling $24.58$18.0036.6%

      Groceries

      Item Cicero National avg. Difference
      Ground Beef $5.28$5.849.5%
      Fried Chicken $1.42$1.579.7%
      Milk $4.87$4.674.3%
      Potatoes $4.90$4.930.7%
      Pizza $13.41$12.0910.9%
      Beer $10.00$10.414.0%

      Health Care

      Item Cicero National avg. Difference
      Optometrist $118.27$125.685.9%
      Doctor $167.67$135.7823.5%
      Dentist $128.22$113.2913.2%
      Ibuprofen $10.97$10.652.9%
      Lipitor $382.34$468.6018.4%

      Housing

      Item Cicero National avg. Difference
      Home Price $174,400.00$184,700.005.6%
      Avg. Mortgage Payment $2,578.06$2,346.699.9%
      Apartment Rent $951.00$949.000.2%

      Transportation

      Item Cicero National avg. Difference
      Gasoline $3.56$3.462.7%
      Tire Balancing $70.87$59.9218.3%

      Utilities

      Item Cicero National avg. Difference
      All Electricity $148.58$193.9923.4%
      Phone $210.03$192.259.3%
      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 Population Cost of Living Index National Avg.
      Hodgkins, IL1,7538514.6%
      Dixmoor, IL3,5709010.2%
      Hometown, IL4,216919.0%
      Robbins, IL5,068928.5%
      Riverdale, IL12,530928.0%
      Cicero, IL81,4711021.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      The Villages, FL81,44411313.3%
      Pine Hills, FL81,415972.9%
      San Ramon, CA81,344221120.6%
      Cranston, RI81,25211615.8%
      Westland, MI81,713945.9%
      Cicero, IL81,4711021.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.