Rock Falls 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.
IndexRock FallsIllinoisNational
Cost of living index8199100
IndexRock FallsIllinoisNational
Goods & Services index95101100
Groceries index9397100
Health care index110101100
Housing index5095100
Transportation index105105100
Utilities index8096100
A general summary of the cost of living index in Rock Falls, IL is shown above. Compared to the state average of Illinois the cost of living index in Rock Falls, IL is 81, which is 18% lower than the average in Illinois and compared to the national average it is 19% 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 Rock Falls, IL goods and services come in at 6% lower than the average in Illinois and are 5% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Rock Falls is 18% lower than the Illinois average.
  • The cost of living in Rock Falls is 19% lower than the national average.
  • The cost of housing in Rock Falls is 50% 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 Rock Falls, IL Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Rock Falls, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Rock Falls, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Rock Falls, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,565$4,130$1,156$1,487
Renters$27,328$2,277$638$820
If you want to find a good determining factor for the cost of living and the general affordability of housing in Rock Falls, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Rock Falls, IL, the median monthly income is $49,565 for those who own their own homes. Under the standard rule, that income level would allow for $1,156 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,328, per the median income in the area. That would allow for renters to spend up to $638 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%10.25%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
One thing to keep in mind when considering the cost of living in Rock Falls, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemRock FallsNational avg.Difference
Haircut $14.57$16.099.4%
Beauty Salon $30.09$37.3319.4%
Toothpaste $1.87$2.4523.7%
Shampoo $0.95$1.005.4%
Movie $10.86$10.285.6%
Bowling $4.00$4.9318.9%

Groceries

ItemRock FallsNational avg.Difference
Ground Beef $3.29$3.8013.6%
Fried Chicken $1.48$1.406.0%
Milk $2.08$2.013.8%
Potatoes $2.98$3.011.0%
Pizza $9.00$9.899.0%
Beer $7.97$8.9010.5%

Health Care

ItemRock FallsNational avg.Difference
Optometrist $74.35$102.1627.2%
Doctor $138.85$108.3628.1%
Dentist $98.89$92.536.9%
Ibuprofen $9.81$9.285.8%
Lipitor $435.08$425.822.2%

Housing

ItemRock FallsNational avg.Difference
Home Price $75,500.00$184,700.0059.1%
Avg. Mortgage Payment $860.21$1,202.4428.5%
Apartment Rent $666.00$949.0029.8%

Transportation

ItemRock FallsNational avg.Difference
Gasoline $2.27$2.241.2%
Tire Balancing $52.96$46.2914.4%

Utilities

ItemRock FallsNational avg.Difference
All Electricity$130.30$165.9621.5%
Phone $23.50$28.6818.1%
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.
Deer Grove, IL391022%
Harmon, IL15180-20%
Nelson, IL13281-19%
Milledgeville, IL1,05282-18%
Sterling, IL15,07182-18%
Rock Falls, IL9,10481-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
New Baltimore, VA9,09714242%
Grinnell, IA9,11287-13%
Rawlins, WY9,11495-5%
Frankfort Square, IL9,1161055%
Triangle, VA9,09213333%
Rock Falls, IL9,10481-19%
Source: The Rock Falls, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.