Richton Park 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.
IndexRichton ParkIllinoisNational
Cost of living index9899100
IndexRichton ParkIllinoisNational
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index9399100
Transportation index10097100
Utilities index103101100
The above illustration supplies generalized information for the Richton Park, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Richton Park, IL is 98, which is 1% lower than the Illinois average and 2% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Richton Park, IL are 2% lower than the average for Illinois and 4% lower than the rest of the country.

Did you know?

  • The cost of living in Richton Park is 1% lower than the Illinois average.
  • The cost of living in Richton Park is 2% lower than the national average.
  • The cost of housing in Richton Park is 7% 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 Richton Park, IL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Richton Park, 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 Richton Park, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Richton Park, 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)
The affordability of the housing market in Richton Park, 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 Richton Park, IL homeowners, the median income is $72,955. This indicates that a monthly maximum of $1,702 should be spent by homeowners on all housing related costs. Renters have a median income of $36,614. This indicates that renters should have a maximum of $854 used for their rent related monthly costs.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Richton Park, 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

ItemRichton ParkNational 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%


ItemRichton ParkNational 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

ItemRichton ParkNational 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%


ItemRichton ParkNational avg.Difference
Home Price $151,300.00$175,700.0013.9%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $991.00$920.007.7%


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


ItemRichton ParkNational 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.
Dixmoor, IL3,63587-13%
Ford Heights, IL2,77786-14%
East Chicago, IN29,38791-9%
Robbins, IL5,22191-9%
Harvey, IL25,22592-8%
Richton Park, IL13,71898-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Washington, PA13,71589-11%
Henderson, TX13,72392-8%
Worthington, OH13,7271033%
Metuchen, NJ13,70713939%
Oldsmar, FL13,73097-3%
Richton Park, IL13,71898-2%
Source: The Richton Park, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.