Rantoul 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.
IndexRantoulIllinoisNational
Cost of living index8599100
IndexRantoulIllinoisNational
Goods & Services index9698100
Groceries index9299100
Health care index109101100
Housing index5699100
Transportation index8497100
Utilities index119101100
A general summary of the cost of living index in Rantoul, IL is shown above. Compared to the state average of Illinois the cost of living index in Rantoul, IL is 85, which is 14% lower than the average in Illinois and compared to the national average it is 15% 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 Rantoul, IL goods and services come in at 3% lower than the average in Illinois and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Rantoul is 14% lower than the Illinois average.
  • The cost of living in Rantoul is 15% lower than the national average.
  • The cost of housing in Rantoul is 44% 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 Rantoul, IL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Rantoul, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Rantoul, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Rantoul, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,709$4,309$1,206$1,551
Renters$27,425$2,285$640$823
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Rantoul, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Rantoul, IL has a median income of about $51,709 for people who own homes. Based on that number, a person should spend a maximum of $1,206 on expenses related to housing. Renters have a slightly different median income, which is $27,425. Based on this average, renters should spend no more than $640 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Rantoul, 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

ItemRantoulNational avg.Difference
Haircut $19.25$14.5931.9%
Beauty Salon $33.50$34.683.4%
Toothpaste $1.85$2.4725.2%
Shampoo $0.78$1.0223.7%
Movie $9.75$9.871.2%
Bowling $7.65$4.3974.2%

Groceries

ItemRantoulNational avg.Difference
Ground Beef $4.03$4.4810.0%
Fried Chicken $1.29$1.4611.9%
Milk $2.49$2.365.7%
Potatoes $2.96$3.063.3%
Pizza $6.99$9.2424.4%
Beer $8.46$8.632.0%

Health Care

ItemRantoulNational avg.Difference
Optometrist $80.40$99.7819.4%
Doctor $110.50$105.035.2%
Dentist $103.50$88.7016.7%
Ibuprofen $10.21$9.418.5%
Lipitor $320.44$298.507.4%

Housing

ItemRantoulNational avg.Difference
Home Price $84,700.00$175,700.0051.8%
Avg. Mortgage Payment $1,039.68$1,081.033.8%
Apartment Rent $677.00$920.0026.4%

Transportation

ItemRantoulNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $38.00$45.2916.1%

Utilities

ItemRantoulNational avg.Difference
All Electricity$189.39$170.8010.9%
Phone $36.95$28.2630.8%
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.
Rankin, IL41882-18%
Elliott, IL26482-18%
Ludlow, IL44683-17%
Foosland, IL12383-17%
Seymour, IL26983-17%
Rantoul, IL13,21485-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fergus Falls, MN13,21588-12%
Endicott, NY13,21689-11%
Clayton, OH13,21296-4%
Crowley, LA13,21981-19%
Greenwich, CT13,221214114%
Rantoul, IL13,21485-15%
Source: The Rantoul, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.