Libertyville 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.
Cost of living index13399100
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index19699100
Transportation index11297100
Utilities index104101100
Displayed above is a general overview of the Libertyville, IL cost of living index. The overall cost of living index in Libertyville, IL is 133, which is 35% higher than the Illinois average and 33% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Libertyville, IL are 8% higher than the Illinois average and 6% higher than the national average.

Did you know?

  • The cost of living in Libertyville is 35% higher than the Illinois average.
  • The cost of living in Libertyville is 33% higher than the national average.
  • The cost of housing in Libertyville is 96% 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 Libertyville, 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
Using the salary calculator lets you compare the salary you earn in Libertyville, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Libertyville, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Libertyville, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Libertyville, 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 Libertyville, IL, the median monthly income is $141,978 for those who own their own homes. Under the standard rule, that income level would allow for $3,313 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $49,360, per the median income in the area. That would allow for renters to spend up to $1,152 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Libertyville, IL and want to know what the true cost of living is, they ought to look at both the Illinois income tax rate and the Illinois sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Illinois, the sales tax is 6.25%, while the most you'll pay in surtax is 9.75%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Illinois, the income tax rate ranges between 3.75% to 3.75%.

Goods & Services

ItemLibertyvilleNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%


ItemLibertyvilleNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemLibertyvilleNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%


ItemLibertyvilleNational avg.Difference
Home Price $394,700.00$175,700.00124.6%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,182.00$920.0028.5%


ItemLibertyvilleNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%


ItemLibertyvilleNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
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.
Park City, IL7,55185-15%
Waukegan, IL88,67199-1%
North Chicago, IL30,76099-1%
Zion, IL24,29299-1%
Round Lake Beach, IL28,048100-0%
Libertyville, IL20,39813333%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Selden, NY20,39013535%
Ashland, OR20,41213030%
Birmingham, MI20,38212424%
South El Monte, CA20,37512727%
Ashland, OH20,42183-17%
Libertyville, IL20,39813333%
Source: The Libertyville, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.