Lansing 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.
IndexLansingIllinoisNational
Cost of living index10198100
IndexLansingIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index8599100
Transportation index126104100
Utilities index9595100
A general summary of the cost of living index in Lansing, IL is shown above. Compared to the state average of Illinois the cost of living index in Lansing, IL is 101, which is 3% higher than the average in Illinois and compared to the national average it is 1% 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 Lansing, 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 Lansing is 3% higher than the Illinois average.
  • The cost of living in Lansing is 1% higher than the national average.
  • The cost of housing in Lansing is 15% 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 Lansing

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Lansing

Compare Lansing, 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
Use the salary calculator to compare your current salary in Lansing, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lansing, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Lansing, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,928$4,911$1,375$1,768
Renters$29,118$2,427$679$874
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lansing, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lansing, IL, the median monthly income is $58,928 for those who own their own homes. Under the standard rule, that income level would allow for $1,375 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $29,118, per the median income in the area. That would allow for renters to spend up to $679 on monthly rental expenses.

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 Lansing, 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

ItemLansingNational 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

ItemLansingNational 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

ItemLansingNational 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

ItemLansingNational avg.Difference
Home Price $134,600.00$175,700.0023.4%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $955.00$920.003.8%

Transportation

ItemLansingNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemLansingNational 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%
Gary, IN79,16591-9%
Ford Heights, IL2,77792-8%
East Chicago, IN29,38792-8%
Robbins, IL5,22192-8%
Lansing, IL28,4861011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nicholasville, KY28,48391-9%
Kaysville, UT28,4801055%
Garfield Heights, OH28,49289-11%
Prairieville, LA28,4651033%
Myrtle Beach, SC28,45599-1%
Lansing, IL28,4861011%
Source: The Lansing, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.