North Chicago 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.
IndexNorth ChicagoIllinoisNational
Cost of living index9999100
IndexNorth ChicagoIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index8299100
Transportation index11297100
Utilities index104101100
A general summary of the cost of living index in North Chicago, IL is shown above. Compared to the state average of Illinois the cost of living index in North Chicago, IL is 99, which is equal to the average in Illinois and compared to the national average it is 1% 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 North Chicago, IL goods and services come in at 8% higher than the average in Illinois and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in North Chicago is equal to the Illinois average.
  • The cost of living in North Chicago is 1% lower than the national average.
  • The cost of housing in North Chicago is 18% 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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Salary Calculator

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Use the salary calculator to compare your current income in North Chicago, IL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of North Chicago, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the North Chicago, IL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,640$4,053$1,135$1,459
Renters$35,932$2,994$838$1,078
The affordability of the housing market in North Chicago, 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 North Chicago, IL homeowners, the median income is $48,640. This indicates that a monthly maximum of $1,135 should be spent by homeowners on all housing related costs. Renters have a median income of $35,932. This indicates that renters should have a maximum of $838 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%
One thing to keep in mind when considering the cost of living in North Chicago, 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

ItemNorth ChicagoNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%

Groceries

ItemNorth ChicagoNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemNorth ChicagoNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%

Housing

ItemNorth ChicagoNational avg.Difference
Home Price $120,000.00$175,700.0031.7%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,063.00$920.0015.5%

Transportation

ItemNorth ChicagoNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemNorth ChicagoNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
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.
Park City, IL7,55185-15%
Waukegan, IL88,67199-1%
Zion, IL24,29299-1%
Round Lake Beach, IL28,048100-0%
Round Lake Park, IL7,7581022%
North Chicago, IL30,76099-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bel Air North, MD30,75812020%
Laguna Hills, CA30,76816464%
Fruit Cove, FL30,77012323%
New Iberia, LA30,75084-16%
Jamestown, NY30,79978-22%
North Chicago, IL30,76099-1%
Source: The North Chicago, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.