Fairmount 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.
IndexFairmountIllinoisNational
Cost of living index8398100
IndexFairmountIllinoisNational
Goods & Services index9597100
Groceries index9697100
Health care index96100100
Housing index5099100
Transportation index97104100
Utilities index10595100

Did you know?

  • The cost of living in Fairmount is 16% lower than the Illinois average.
  • The cost of living in Fairmount is 17% lower than the national average.
  • The cost of housing in Fairmount is 50% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,500$4,208$1,178$1,515
Renters$36,406$3,034$849$1,092

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%

Goods & Services

ItemFairmountNational avg.Difference
Haircut $9.67$15.5637.9%
Beauty Salon $27.50$36.1123.8%
Toothpaste $2.43$2.471.7%
Shampoo $0.91$0.966.0%
Movie $5.99$10.1340.8%
Bowling $4.00$4.7415.5%

Groceries

ItemFairmountNational avg.Difference
Ground Beef $3.24$3.9818.6%
Fried Chicken $1.15$1.4118.5%
Milk $1.38$2.0633.1%
Potatoes $2.76$2.987.3%
Pizza $9.92$9.474.8%
Beer $8.47$8.793.6%

Health Care

ItemFairmountNational avg.Difference
Optometrist $104.67$101.043.6%
Doctor $103.22$107.443.9%
Dentist $81.05$90.4210.4%
Ibuprofen $9.15$9.281.4%
Lipitor $433.19$426.501.6%

Housing

ItemFairmountNational avg.Difference
Home Price $73,700.00$175,700.0058.1%
Avg. Mortgage Payment $804.60$1,133.2329.0%
Apartment Rent $620.00$920.0032.6%

Transportation

ItemFairmountNational avg.Difference
Gasoline $1.93$1.993.0%
Tire Balancing $43.66$45.764.6%

Utilities

ItemFairmountNational avg.Difference
All Electricity$159.06$163.812.9%
Phone $32.99$28.3916.2%
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.
Longview, IL17276-24%
Sidell, IL68879-21%
Muncie, IL15181-19%
Ridge Farm, IL83681-19%
Belgium, IL37981-19%
Fairmount, IL53483-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bancroft, WV53487-13%
Wilton, WI53485-15%
Hammon, OK53474-26%
Cochiti Lake, NM53496-4%
Remsen, NY53489-11%
Fairmount, IL53483-17%
Source: The Fairmount, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.