O'Fallon 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.
IndexO'FallonIllinoisNational
Cost of living index10298100
IndexO'FallonIllinoisNational
Goods & Services index9397100
Groceries index10397100
Health care index96100100
Housing index11099100
Transportation index94104100
Utilities index11395100
Displayed above is a general overview of the O'Fallon, IL cost of living index. The overall cost of living index in O'Fallon, IL is 102, which is 3% higher than the Illinois average and 2% 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 O'Fallon, IL are 4% lower than the Illinois average and 7% lower than the national average.

Did you know?

  • The cost of living in O'Fallon is 3% higher than the Illinois average.
  • The cost of living in O'Fallon is 2% higher than the national average.
  • The cost of housing in O'Fallon is 10% 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 O'Fallon, IL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in O'Fallon, 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 O'Fallon, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The O'Fallon, 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$103,198$8,600$2,408$3,096
Renters$45,000$3,750$1,050$1,350
The affordability of the housing market in O'Fallon, 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 O'Fallon, IL homeowners, the median income is $103,198. This indicates that a monthly maximum of $2,408 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%
When assessing the complete cost of living in O'Fallon, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 9.75%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

ItemO'FallonNational avg.Difference
Haircut $16.36$15.565.1%
Beauty Salon $37.77$36.114.6%
Toothpaste $2.13$2.4713.7%
Shampoo $1.03$0.966.7%
Movie $10.07$10.130.6%
Bowling $3.78$4.7420.2%

Groceries

ItemO'FallonNational avg.Difference
Ground Beef $4.90$3.9823.0%
Fried Chicken $1.88$1.4133.6%
Milk $2.33$2.0612.9%
Potatoes $2.48$2.9816.7%
Pizza $8.52$9.4710.1%
Beer $8.04$8.798.6%

Health Care

ItemO'FallonNational avg.Difference
Optometrist $76.95$101.0423.8%
Doctor $84.03$107.4421.8%
Dentist $91.80$90.421.5%
Ibuprofen $11.43$9.2823.2%
Lipitor $433.91$426.501.7%

Housing

ItemO'FallonNational avg.Difference
Home Price $193,300.00$175,700.0010.0%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $1,009.00$920.009.7%

Transportation

ItemO'FallonNational avg.Difference
Gasoline $1.87$1.996.4%
Tire Balancing $43.83$45.764.2%

Utilities

ItemO'FallonNational avg.Difference
All Electricity$160.36$163.812.1%
Phone $38.25$28.3934.8%
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.
Rentchler, IL098-2%
Brooklyn, IL80778-22%
Alorton, IL1,72979-21%
Venice, IL1,75180-20%
Washington Park, IL4,12081-19%
O'Fallon, IL29,1001022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Burbank, IL29,0971088%
Spanaway, WA29,11311010%
Schererville, IN29,08211010%
Hobart, IN29,1361000%
East Haven, CT29,13912020%
O'Fallon, IL29,1001022%
Source: The O'Fallon, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.