Greenville 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.
IndexGreenvilleIllinoisNational
Cost of living index8899100
IndexGreenvilleIllinoisNational
Goods & Services index9798100
Groceries index10199100
Health care index101101100
Housing index6099100
Transportation index9297100
Utilities index114101100
A general summary of the cost of living index in Greenville, IL is shown above. Compared to the state average of Illinois the cost of living index in Greenville, IL is 88, which is 11% lower than the average in Illinois and compared to the national average it is 12% 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 Greenville, IL goods and services come in at 2% lower than the average in Illinois and are 3% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Greenville is 11% lower than the Illinois average.
  • The cost of living in Greenville is 12% lower than the national average.
  • The cost of housing in Greenville is 40% 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

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The salary calculator allows you to compare how much your current salary in Greenville, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Greenville, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Greenville, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,033$4,753$1,331$1,711
Renters$21,651$1,804$505$650
One can approximate the cost of living and the housing affordability in Greenville, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Greenville, IL have a median income of $57,033. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,331 per month to avoid calamity and poverty. The renters in the city have an income of about $21,651, which would make their monthly maximum allowable rental costs $505.

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%
When assessing the complete cost of living in Greenville, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 9.75%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

ItemGreenvilleNational avg.Difference
Haircut $16.17$14.5910.8%
Beauty Salon $34.85$34.680.5%
Toothpaste $2.47$2.470.1%
Shampoo $0.87$1.0214.9%
Movie $10.46$9.876.0%
Bowling $3.64$4.3917.1%

Groceries

ItemGreenvilleNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.99$1.4635.9%
Milk $2.61$2.3610.7%
Potatoes $2.41$3.0621.3%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemGreenvilleNational avg.Difference
Optometrist $83.00$99.7816.8%
Doctor $98.56$105.036.2%
Dentist $93.75$88.705.7%
Ibuprofen $10.71$9.4113.8%
Lipitor $306.38$298.502.6%

Housing

ItemGreenvilleNational avg.Difference
Home Price $102,700.00$175,700.0041.5%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $596.00$920.0035.2%

Transportation

ItemGreenvilleNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemGreenvilleNational avg.Difference
All Electricity$164.26$170.803.8%
Phone $39.44$28.2639.6%
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.
Old Ripley, IL8778-22%
Walshville, IL3278-22%
Sorento, IL73479-21%
Smithboro, IL15080-20%
Donnellson, IL18580-20%
Greenville, IL6,86088-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nitro, WV6,86086-14%
Etowah, NC6,8621011%
Nyack, NY6,85715151%
Lakes of the Four Seasons, IN6,85411212%
West Hattiesburg, MS6,85387-13%
Greenville, IL6,86088-12%
Source: The Greenville, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.