Highland 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.
IndexHighlandIllinoisNational
Cost of living index9599100
IndexHighlandIllinoisNational
Goods & Services index9798100
Groceries index10199100
Health care index101101100
Housing index8499100
Transportation index9297100
Utilities index114101100
An overview of the general cost of living index for Highland, IL is displayed above for your reference. Residents in Highland, IL enjoy a cost of living index of 95. This index is 4% lower than the Illinois average, and 5% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Highland, IL, the average cost of goods and services is 2% lower than it is in Illinois, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Highland is 4% lower than the Illinois average.
  • The cost of living in Highland is 5% lower than the national average.
  • The cost of housing in Highland is 16% 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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Groceries index
Health care index
Housing index
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The salary calculator allows you to compare how much your current salary in Highland, 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 Highland, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Highland, 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$70,613$5,884$1,648$2,119
Renters$32,293$2,691$753$969
One can approximate the cost of living and the housing affordability in Highland, 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 Highland, IL have a median income of $70,613. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,648 per month to avoid calamity and poverty. The renters in the city have an income of about $32,293, which would make their monthly maximum allowable rental costs $753.

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%
One thing to keep in mind when considering the cost of living in Highland, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemHighlandNational 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

ItemHighlandNational 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

ItemHighlandNational 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

ItemHighlandNational avg.Difference
Home Price $149,000.00$175,700.0015.2%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $760.00$920.0017.4%

Transportation

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

Utilities

ItemHighlandNational 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%
Pocahontas, IL63385-15%
Alhambra, IL67588-12%
Pierron, IL45988-12%
Beckemeyer, IL98889-11%
Highland, IL9,73895-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Paris, KY9,74687-13%
Cairo, GA9,75089-11%
Royse City, TX9,7551033%
Monticello, AR9,71882-18%
Progress, PA9,71799-1%
Highland, IL9,73895-5%
Source: The Highland, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.