Mount Zion 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.
IndexMount ZionIllinoisNational
Cost of living index9099100
IndexMount ZionIllinoisNational
Goods & Services index9498100
Groceries index9699100
Health care index92101100
Housing index7799100
Transportation index9697100
Utilities index100101100
A general summary of the cost of living index in Mount Zion, IL is shown above. Compared to the state average of Illinois the cost of living index in Mount Zion, IL is 90, which is 9% lower than the average in Illinois and compared to the national average it is 10% lower 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 Mount Zion, IL goods and services come in at 5% lower than the average in Illinois and are 6% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Mount Zion is 9% lower than the Illinois average.
  • The cost of living in Mount Zion is 10% lower than the national average.
  • The cost of housing in Mount Zion is 23% 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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Compare Mount Zion, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Mount Zion, 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 Mount Zion, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Mount Zion, 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$87,893$7,324$2,051$2,637
Renters$27,115$2,260$633$814
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Mount Zion, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Zion, IL has a median income of about $87,893 for people who own homes. Based on that number, a person should spend a maximum of $2,051 on expenses related to housing. Renters have a slightly different median income, which is $27,115. Based on this average, renters should spend no more than $633 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%
One thing to keep in mind when considering the cost of living in Mount Zion, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemMount ZionNational avg.Difference
Haircut $14.55$14.590.3%
Beauty Salon $27.80$34.6819.8%
Toothpaste $2.99$2.4720.9%
Shampoo $0.88$1.0213.9%
Movie $8.92$9.879.6%
Bowling $4.25$4.393.2%

Groceries

ItemMount ZionNational avg.Difference
Ground Beef $4.04$4.489.8%
Fried Chicken $1.14$1.4622.1%
Milk $1.62$2.3631.3%
Potatoes $2.91$3.064.9%
Pizza $9.32$9.240.8%
Beer $8.82$8.632.2%

Health Care

ItemMount ZionNational avg.Difference
Optometrist $82.00$99.7817.8%
Doctor $99.00$105.035.7%
Dentist $72.40$88.7018.4%
Ibuprofen $8.21$9.4112.8%
Lipitor $321.28$298.507.6%

Housing

ItemMount ZionNational avg.Difference
Home Price $137,900.00$175,700.0021.5%
Avg. Mortgage Payment $940.23$1,081.0313.0%
Apartment Rent $686.00$920.0025.4%

Transportation

ItemMount ZionNational avg.Difference
Gasoline $1.88$2.0910.3%
Tire Balancing $52.05$45.2914.9%

Utilities

ItemMount ZionNational avg.Difference
All Electricity$189.55$170.8011.0%
Phone $23.80$28.2615.8%
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.
LaPlace, IL14676-24%
Boody, IL24980-20%
Latham, IL26580-20%
Lovington, IL1,03081-19%
Bethany, IL1,26982-18%
Mount Zion, IL5,83090-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Prairie du Chien, WI5,82991-9%
Chadron, NE5,82984-16%
Homestead Meadows South, TX5,83180-20%
Harrisville, UT5,82898-2%
Mount Carmel, PA5,83382-18%
Mount Zion, IL5,83090-10%
Source: The Mount Zion, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.