Dwight 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.
IndexDwightIllinoisNational
Cost of living index9199100
IndexDwightIllinoisNational
Goods & Services index9698100
Groceries index9099100
Health care index104101100
Housing index7299100
Transportation index10197100
Utilities index117101100
A general summary of the cost of living index in Dwight, IL is shown above. Compared to the state average of Illinois the cost of living index in Dwight, IL is 91, which is 8% lower than the average in Illinois and compared to the national average it is 9% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Dwight, IL goods and services come in at 2% lower than the average in Illinois and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Dwight is 8% lower than the Illinois average.
  • The cost of living in Dwight is 9% lower than the national average.
  • The cost of housing in Dwight is 28% 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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Compare Dwight, IL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Dwight, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Dwight, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Dwight, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,691$5,974$1,673$2,151
Renters$42,500$3,542$992$1,275
The affordability of the housing market in Dwight, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Dwight, IL homeowners, the median income is $71,691. This indicates that a monthly maximum of $1,673 should be spent by homeowners on all housing related costs. Renters have a median income of $42,500. This indicates that renters should have a maximum of $992 used for their rent related monthly costs.

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%
The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Dwight, 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

ItemDwightNational avg.Difference
Haircut $13.67$14.596.3%
Beauty Salon $26.25$34.6824.3%
Toothpaste $1.98$2.4719.9%
Shampoo $0.88$1.0213.9%
Movie $7.50$9.8724.0%
Bowling $4.00$4.398.9%

Groceries

ItemDwightNational avg.Difference
Ground Beef $5.65$4.4826.2%
Fried Chicken $1.05$1.4628.3%
Milk $2.18$2.367.5%
Potatoes $3.32$3.068.4%
Pizza $10.34$9.2411.9%
Beer $7.92$8.638.3%

Health Care

ItemDwightNational avg.Difference
Optometrist $92.33$99.787.5%
Doctor $125.50$105.0319.5%
Dentist $87.00$88.701.9%
Ibuprofen $8.32$9.4111.6%
Lipitor $314.61$298.505.4%

Housing

ItemDwightNational avg.Difference
Home Price $123,900.00$175,700.0029.5%
Avg. Mortgage Payment $897.33$1,081.0317.0%
Apartment Rent $702.00$920.0023.7%

Transportation

ItemDwightNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $50.65$45.2911.8%

Utilities

ItemDwightNational avg.Difference
All Electricity$184.03$170.807.7%
Phone $36.48$28.2629.1%
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.
Kempton, IL14182-18%
Kinsman, IL12484-16%
Cabery, IL39083-17%
Saunemin, IL36185-15%
Emington, IL12285-15%
Dwight, IL4,10491-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dilworth, MN4,10494-6%
Haleyville, AL4,10281-19%
Clarkdale, AZ4,10198-2%
Reedsport, OR4,1071044%
Woodruff, SC4,10188-12%
Dwight, IL4,10491-9%
Source: The Dwight, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.