New Minden 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 MindenIllinoisNational
Cost of living index8899100
IndexNew MindenIllinoisNational
Goods & Services index9798100
Groceries index10199100
Health care index101101100
Housing index6199100
Transportation index9297100
Utilities index114101100

Did you know?

  • The cost of living in New Minden is 11% lower than the Illinois average.
  • The cost of living in New Minden is 12% lower than the national average.
  • The cost of housing in New Minden is 39% 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 New Minden, IL Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,167$4,097$1,147$1,475
Renters$82,500$6,875$1,925$2,475

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

ItemNew MindenNational avg.Difference
Haircut $16.17$14.5910.8%
Beauty Salon $34.85$34.680.5%
Toothpaste $2.47$2.470.1%
Shampoo $0.87$1.0214.9%
Movie $10.46$9.876.0%
Bowling $3.64$4.3917.1%

Groceries

ItemNew MindenNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.99$1.4635.9%
Milk $2.61$2.3610.7%
Potatoes $2.41$3.0621.3%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemNew MindenNational avg.Difference
Optometrist $83.00$99.7816.8%
Doctor $98.56$105.036.2%
Dentist $93.75$88.705.7%
Ibuprofen $10.71$9.4113.8%
Lipitor $306.38$298.502.6%

Housing

ItemNew MindenNational avg.Difference
Home Price $86,300.00$175,700.0050.9%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $820.00$920.0010.9%

Transportation

ItemNew MindenNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemNew MindenNational avg.Difference
All Electricity$164.26$170.803.8%
Phone $39.44$28.2639.6%
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.
Junction City, IL50679-21%
Wamac, IL1,44079-21%
Sandoval, IL1,15079-21%
Du Bois, IL18481-19%
Central City, IL1,07681-19%
New Minden, IL22288-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wortham, MO222100-0%
Gracemont, OK22276-24%
Waterloo, SC22280-20%
West Point, IL22272-28%
Indian Beach, NC22212929%
New Minden, IL22288-12%
Source: The New Minden, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.