Oswego 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.
IndexOswegoIllinoisNational
Cost of living index11299100
IndexOswegoIllinoisNational
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index14199100
Transportation index10097100
Utilities index103101100
A general overview of the cost of living index for Oswego, IL is displayed above. In Oswego, IL, the overall cost of living index is 112, which is 13% higher than the Illinois average and 12% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Oswego, IL, the city's goods and services are 2% lower than the Illinois average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Oswego is 13% higher than the Illinois average.
  • The cost of living in Oswego is 12% higher than the national average.
  • The cost of housing in Oswego is 41% 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 Oswego, IL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Oswego, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Oswego, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Oswego, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$102,849$8,571$2,400$3,086
Renters$63,321$5,277$1,477$1,900
One can approximate the cost of living and the housing affordability in Oswego, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Oswego, IL have a median income of $102,849. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,400 per month to avoid calamity and poverty. The renters in the city have an income of about $63,321, which would make their monthly maximum allowable rental costs $1,477.

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 Oswego, 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

ItemOswegoNational avg.Difference
Haircut $15.50$14.596.2%
Beauty Salon $37.40$34.687.8%
Toothpaste $3.31$2.4733.8%
Shampoo $1.53$1.0249.7%
Movie $10.26$9.874.0%
Bowling $3.51$4.3920.1%

Groceries

ItemOswegoNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.56$1.466.6%
Milk $2.65$2.3612.4%
Potatoes $2.78$3.069.2%
Pizza $8.86$9.244.1%
Beer $8.19$8.635.1%

Health Care

ItemOswegoNational avg.Difference
Optometrist $111.13$99.7811.4%
Doctor $129.44$105.0323.2%
Dentist $82.38$88.707.1%
Ibuprofen $8.99$9.414.5%
Lipitor $298.47$298.500.0%

Housing

ItemOswegoNational avg.Difference
Home Price $227,100.00$175,700.0029.3%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $1,535.00$920.0066.8%

Transportation

ItemOswegoNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $49.67$45.299.7%

Utilities

ItemOswegoNational avg.Difference
All Electricity$175.65$170.802.8%
Phone $29.20$28.263.3%
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.
Fairmont, IL2,38491-9%
Preston Heights, IL2,72096-4%
Plano, IL11,37196-4%
Rockdale, IL1,97497-3%
Crest Hill, IL20,44498-2%
Oswego, IL31,72311212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Owasso, OK31,73892-8%
Valparaiso, IN31,7451022%
Kearney, NE31,75991-9%
Adelanto, CA31,77398-2%
University Place, WA31,67011919%
Oswego, IL31,72311212%
Source: The Oswego, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.