Melvin 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.
IndexMelvinIllinoisNational
Cost of living index8299100
IndexMelvinIllinoisNational
Goods & Services index9698100
Groceries index9299100
Health care index109101100
Housing index4599100
Transportation index8497100
Utilities index119101100

Did you know?

  • The cost of living in Melvin is 17% lower than the Illinois average.
  • The cost of living in Melvin is 18% lower than the national average.
  • The cost of housing in Melvin is 55% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,917$3,993$1,118$1,438
Renters$31,500$2,625$735$945

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%

Goods & Services

ItemMelvinNational avg.Difference
Haircut $19.25$14.5931.9%
Beauty Salon $33.50$34.683.4%
Toothpaste $1.85$2.4725.2%
Shampoo $0.78$1.0223.7%
Movie $9.75$9.871.2%
Bowling $7.65$4.3974.2%

Groceries

ItemMelvinNational avg.Difference
Ground Beef $4.03$4.4810.0%
Fried Chicken $1.29$1.4611.9%
Milk $2.49$2.365.7%
Potatoes $2.96$3.063.3%
Pizza $6.99$9.2424.4%
Beer $8.46$8.632.0%

Health Care

ItemMelvinNational avg.Difference
Optometrist $80.40$99.7819.4%
Doctor $110.50$105.035.2%
Dentist $103.50$88.7016.7%
Ibuprofen $10.21$9.418.5%
Lipitor $320.44$298.507.4%

Housing

ItemMelvinNational avg.Difference
Home Price $65,000.00$175,700.0063.0%
Avg. Mortgage Payment $1,039.68$1,081.033.8%
Apartment Rent $583.00$920.0036.6%

Transportation

ItemMelvinNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $38.00$45.2916.1%

Utilities

ItemMelvinNational avg.Difference
All Electricity$189.39$170.8010.9%
Phone $36.95$28.2630.8%
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.
Strawn, IL13682-18%
Sibley, IL32482-18%
Elliott, IL26482-18%
Chatsworth, IL1,13684-16%
Thawville, IL18984-16%
Melvin, IL47882-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dearing, KS47877-23%
Lowell, OH47888-12%
Belmont, OH47884-16%
Warner, SD47891-9%
Kosse, TX47880-20%
Melvin, IL47882-18%
Source: The Melvin, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.