Hazel Crest 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.
IndexHazel CrestIllinoisNational
Cost of living index9999100
IndexHazel CrestIllinoisNational
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index9699100
Transportation index10097100
Utilities index103101100
The above illustration supplies generalized information for the Hazel Crest, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Hazel Crest, IL is 99, which is equal to the Illinois average and 1% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Hazel Crest, IL are 2% lower than the average for Illinois and 4% lower than the rest of the country.

Did you know?

  • The cost of living in Hazel Crest is equal to the Illinois average.
  • The cost of living in Hazel Crest is 1% lower than the national average.
  • The cost of housing in Hazel Crest is 4% 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.

Find Real Estate Listings In Hazel Crest

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Hazel Crest

Compare Hazel Crest, IL Cost of living To Other Cities

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 Hazel Crest, 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 Hazel Crest, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hazel Crest, 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)
Owners$63,764$5,314$1,488$1,913
Renters$27,121$2,260$633$814
One can approximate the cost of living and the housing affordability in Hazel Crest, 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 Hazel Crest, IL have a median income of $63,764. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,488 per month to avoid calamity and poverty. The renters in the city have an income of about $27,121, which would make their monthly maximum allowable rental costs $633.

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 Hazel Crest, 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

ItemHazel CrestNational 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%

Groceries

ItemHazel CrestNational 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

ItemHazel CrestNational 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%

Housing

ItemHazel CrestNational avg.Difference
Home Price $123,600.00$175,700.0029.7%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $1,422.00$920.0054.6%

Transportation

ItemHazel CrestNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $49.67$45.299.7%

Utilities

ItemHazel CrestNational 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.
Dixmoor, IL3,63587-13%
Hodgkins, IL2,18588-12%
Ford Heights, IL2,77786-14%
East Chicago, IN29,38791-9%
Robbins, IL5,22191-9%
Hazel Crest, IL14,10299-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kerman, CA14,1101044%
Fort Payne, AL14,11584-16%
Chubbuck, ID14,11789-11%
Hickory Hills, IL14,1171099%
Willowick, OH14,08494-6%
Hazel Crest, IL14,10299-1%
Source: The Hazel Crest, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.