Morton Grove 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.
IndexMorton GroveIllinoisNational
Cost of living index12598100
IndexMorton GroveIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index16399100
Transportation index126104100
Utilities index9595100
Displayed above is a general overview of the Morton Grove, IL cost of living index. The overall cost of living index in Morton Grove, IL is 125, which is 27% higher than the Illinois average and 25% 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 Morton Grove, IL are 12% higher than the Illinois average and 8% higher than the national average.

Did you know?

  • The cost of living in Morton Grove is 27% higher than the Illinois average.
  • The cost of living in Morton Grove is 25% higher than the national average.
  • The cost of housing in Morton Grove is 63% 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 Morton Grove, IL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Morton Grove, 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 Morton Grove, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Morton Grove, 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)
Owners$76,658$6,388$1,789$2,300
Renters$45,000$3,750$1,050$1,350
The affordability of the housing market in Morton Grove, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Morton Grove, IL homeowners, the median income is $76,658. This indicates that a monthly maximum of $1,789 should be spent by homeowners on all housing related costs. Renters have a median income of $45,000. This indicates that renters should have a maximum of $1,050 used for their rent related monthly costs.

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 Morton Grove, 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

ItemMorton GroveNational 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

ItemMorton GroveNational 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

ItemMorton GroveNational 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

ItemMorton GroveNational avg.Difference
Home Price $293,000.00$175,700.0066.8%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $1,407.00$920.0052.9%

Transportation

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

Utilities

ItemMorton GroveNational 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.
Cicero, IL84,4231000%
Bellwood, IL19,1491011%
Maywood, IL24,1481022%
Stone Park, IL4,9591033%
Broadview, IL7,9561033%
Morton Grove, IL23,42412525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Griffin, GA23,42590-10%
Derby, KS23,41997-3%
Highland, IN23,4291033%
Chantilly, VA23,43114646%
Blue Island, IL23,45399-1%
Morton Grove, IL23,42412525%
Source: The Morton Grove, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.