Red Bud 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.
IndexRed BudIllinoisNational
Cost of living index9099100
IndexRed BudIllinoisNational
Goods & Services index9798100
Groceries index10199100
Health care index101101100
Housing index6999100
Transportation index9297100
Utilities index114101100
Here we can see a simple outline of the cost of living in Red Bud, IL. As you can see, with the average cost of living in Red Bud, IL being 90, that puts it 9% lower than the average of Illinois and 10% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Red Bud, IL, the price of goods and services are 2% lower than the average of Illinois as well as 3% lower than the nation's average.

Did you know?

  • The cost of living in Red Bud is 9% lower than the Illinois average.
  • The cost of living in Red Bud is 10% lower than the national average.
  • The cost of housing in Red Bud is 31% 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 Red Bud, IL Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Red Bud, 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 Red Bud, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Red Bud, 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$59,053$4,921$1,378$1,772
Renters$32,206$2,684$751$966
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 Red Bud, 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. Red Bud, IL has a median income of about $59,053 for people who own homes. Based on that number, a person should spend a maximum of $1,378 on expenses related to housing. Renters have a slightly different median income, which is $32,206. Based on this average, renters should spend no more than $751 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 assessing the complete cost of living in Red Bud, 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

ItemRed BudNational 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

ItemRed BudNational 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

ItemRed BudNational 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

ItemRed BudNational avg.Difference
Home Price $122,300.00$175,700.0030.4%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $620.00$920.0032.6%

Transportation

ItemRed BudNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemRed BudNational 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.
Darmstadt, IL0100-0%
Paderborn, IL53100-0%
Floraville, IL0100-0%
Sparta, IL4,33884-16%
Ellis Grove, IL50085-15%
Red Bud, IL3,64890-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ringgold, GA3,64788-12%
Quartzsite, AZ3,64679-21%
Lowville, NY3,64694-6%
Slippery Rock, PA3,64688-12%
Treasure Lake, PA3,6461022%
Red Bud, IL3,64890-10%
Source: The Red Bud, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.