Indian Head Park 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.
IndexIndian Head ParkIllinoisNational
Cost of living index11598100
IndexIndian Head ParkIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index12999100
Transportation index126104100
Utilities index9595100
A general summary of the cost of living index in Indian Head Park, IL is shown above. Compared to the state average of Illinois the cost of living index in Indian Head Park, IL is 115, which is 17% higher than the average in Illinois and compared to the national average it is 15% higher 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 Indian Head Park, IL goods and services come in at 12% higher than the average in Illinois and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Indian Head Park is 17% higher than the Illinois average.
  • The cost of living in Indian Head Park is 15% higher than the national average.
  • The cost of housing in Indian Head Park is 29% higher 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 Indian Head Park, IL Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Indian Head Park, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Indian Head Park, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Indian Head Park, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,038$6,420$1,797$2,311
Renters$35,625$2,969$831$1,069
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Indian Head Park, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Indian Head Park, IL homeowners have a median income of $77,038. Using that number, you will come up with a maximum of $1,797 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $35,625, which means there is a maximum of $831 to be spent on the costs of renting a home or apartment.

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%
The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Indian Head Park, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 9.75%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemIndian Head ParkNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemIndian Head ParkNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemIndian Head ParkNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemIndian Head ParkNational avg.Difference
Home Price $240,700.00$175,700.0037.0%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $1,011.00$920.009.9%

Transportation

ItemIndian Head ParkNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemIndian Head ParkNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
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.
Dixmoor, IL3,63588-12%
Hodgkins, IL2,18589-11%
Robbins, IL5,22192-8%
Harvey, IL25,22594-6%
Phoenix, IL2,14394-6%
Indian Head Park, IL3,83711515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Frederick, OK3,83773-27%
Port Reading, NJ3,83612424%
Lowell, MI3,83884-16%
Auburn Lake Trails, CA3,83913030%
Huntingtown, MD3,84014949%
Indian Head Park, IL3,83711515%
Source: The Indian Head Park, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.