Coal City 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.
IndexCoal CityIllinoisNational
Cost of living index10099100
IndexCoal CityIllinoisNational
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index9999100
Transportation index10097100
Utilities index103101100
An overview of the general cost of living index for Coal City, IL is displayed above for your reference. Residents in Coal City, IL enjoy a cost of living index of 100. This index is 1% higher than the Illinois average, and equal to the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Coal City, IL, the average cost of goods and services is 2% lower than it is in Illinois, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Coal City is 1% higher than the Illinois average.
  • The cost of living in Coal City is equal to the national average.
  • The cost of housing in Coal City is 1% 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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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 Coal City, 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 Coal City, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Coal City, 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 Coal City, 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 Coal City, IL, the median monthly income is $59,087 for those who own their own homes. Under the standard rule, that income level would allow for $1,379 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $60,313, per the median income in the area. That would allow for renters to spend up to $1,407 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in Coal City, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemCoal CityNational 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%


ItemCoal CityNational 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

ItemCoal CityNational 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%


ItemCoal CityNational avg.Difference
Home Price $166,200.00$175,700.005.4%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $1,000.00$920.008.7%


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


ItemCoal CityNational 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%
Dwight, IL4,10491-9%
Godley, IL62292-8%
Lakewood Shores, IL1,25093-7%
Coal City, IL5,460100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Adams, MA5,46095-5%
Watseka, IL5,46384-16%
Scenic Oaks, TX5,45611717%
Lake Fenton, MI5,45697-3%
Charles Town, WV5,4641033%
Coal City, IL5,460100-0%
Source: The Coal City, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.