New Lenox 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.
IndexNew LenoxIllinoisNational
Cost of living index11198100
IndexNew LenoxIllinoisNational
Goods & Services index9697100
Groceries index10197100
Health care index107100100
Housing index14099100
Transportation index115104100
Utilities index8895100
Displayed above is a general overview of the New Lenox, IL cost of living index. The overall cost of living index in New Lenox, IL is 111, which is 13% higher than the Illinois average and 11% 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 New Lenox, IL are 1% lower than the Illinois average and 4% lower than the national average.

Did you know?

  • The cost of living in New Lenox is 13% higher than the Illinois average.
  • The cost of living in New Lenox is 11% higher than the national average.
  • The cost of housing in New Lenox is 40% 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 New Lenox, IL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in New Lenox, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than New Lenox, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The New Lenox, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$104,947$8,746$2,449$3,149
Renters$59,896$4,991$1,397$1,797
If you want to find a good determining factor for the cost of living and the general affordability of housing in New Lenox, 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 New Lenox, IL, the median monthly income is $104,947 for those who own their own homes. Under the standard rule, that income level would allow for $2,449 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $59,896, per the median income in the area. That would allow for renters to spend up to $1,397 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%
When considering the overall cost of living expenses in New Lenox, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 9.75%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemNew LenoxNational avg.Difference
Haircut $16.46$15.565.8%
Beauty Salon $38.52$36.116.7%
Toothpaste $3.27$2.4732.1%
Shampoo $0.96$0.960.9%
Movie $9.71$10.134.1%
Bowling $3.86$4.7418.5%

Groceries

ItemNew LenoxNational avg.Difference
Ground Beef $4.22$3.985.9%
Fried Chicken $1.29$1.418.3%
Milk $2.38$2.0615.5%
Potatoes $2.83$2.985.1%
Pizza $8.74$9.477.7%
Beer $8.25$8.796.2%

Health Care

ItemNew LenoxNational avg.Difference
Optometrist $110.97$101.049.8%
Doctor $137.35$107.4427.8%
Dentist $89.33$90.421.2%
Ibuprofen $8.99$9.283.1%
Lipitor $425.63$426.500.2%

Housing

ItemNew LenoxNational avg.Difference
Home Price $270,700.00$175,700.0054.1%
Avg. Mortgage Payment $994.19$1,133.2312.3%
Apartment Rent $985.00$920.007.1%

Transportation

ItemNew LenoxNational avg.Difference
Gasoline $2.20$1.9910.5%
Tire Balancing $56.85$45.7624.2%

Utilities

ItemNew LenoxNational avg.Difference
All Electricity$141.76$163.8113.5%
Phone $25.99$28.398.4%
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.
Wilmington, IL14880-20%
Robbins, IL5,22192-8%
Park Forest, IL22,49089-11%
Fairmont, IL2,38490-10%
Blue Island, IL23,45399-1%
New Lenox, IL24,74711111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Austin, MN24,76084-16%
Cabot, AR24,76892-8%
Columbine, CO24,72412020%
Temescal Valley, CA24,71413737%
Emporia, KS24,78784-16%
New Lenox, IL24,74711111%
Source: The New Lenox, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.