Fairmont 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.
IndexFairmontIllinoisNational
Cost of living index8999100
IndexFairmontIllinoisNational
Goods & Services index96101100
Groceries index10297100
Health care index109101100
Housing index6895100
Transportation index111105100
Utilities index8496100

Did you know?

  • The cost of living in Fairmont is 10% lower than the Illinois average.
  • The cost of living in Fairmont is 11% lower than the national average.
  • The cost of housing in Fairmont is 32% 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 Fairmont, IL Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,603$4,300$1,204$1,548
Renters$40,208$3,351$938$1,206

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%10.25%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%

Goods & Services

ItemFairmontNational avg.Difference
Haircut $17.59$16.099.3%
Beauty Salon $36.33$37.332.7%
Toothpaste $3.19$2.4530.3%
Shampoo $0.98$1.002.1%
Movie $9.91$10.283.6%
Bowling $3.81$4.9322.8%

Groceries

ItemFairmontNational avg.Difference
Ground Beef $4.04$3.806.2%
Fried Chicken $1.77$1.4026.7%
Milk $2.41$2.0120.0%
Potatoes $2.84$3.015.7%
Pizza $9.86$9.890.3%
Beer $8.51$8.904.4%

Health Care

ItemFairmontNational avg.Difference
Optometrist $102.46$102.160.3%
Doctor $145.88$108.3634.6%
Dentist $91.90$92.530.7%
Ibuprofen $9.16$9.281.3%
Lipitor $401.68$425.825.7%

Housing

ItemFairmontNational avg.Difference
Home Price $90,500.00$184,700.0051.0%
Avg. Mortgage Payment $1,081.39$1,202.4410.1%
Apartment Rent $1,074.00$949.0013.2%

Transportation

ItemFairmontNational avg.Difference
Gasoline $2.38$2.246.1%
Tire Balancing $56.83$46.2922.8%

Utilities

ItemFairmontNational avg.Difference
All Electricity$130.84$165.9621.2%
Phone $25.99$28.689.4%
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.
Hodgkins, IL1,96089-11%
Ingalls Park, IL2,87289-11%
Preston Heights, IL2,91690-10%
Rockdale, IL2,15193-7%
Bedford Park, IL5811033%
Fairmont, IL2,51689-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marked Tree, AR2,51675-25%
Marysville, PA2,51694-6%
Guilford Center, CT2,51713333%
Belleville, WI2,5151044%
Dry Ridge, KY2,51589-11%
Fairmont, IL2,51689-11%
Source: The Fairmont, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.