Rockford 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.
IndexRockfordIllinoisNational
Cost of living index8699100
IndexRockfordIllinoisNational
Goods & Services index9698100
Groceries index9699100
Health care index103101100
Housing index6399100
Transportation index9997100
Utilities index95101100
Displayed above is a general overview of the Rockford, IL cost of living index. The overall cost of living index in Rockford, IL is 86, which is 13% lower than the Illinois average and 14% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Rockford, IL are 2% lower than the Illinois average and 4% lower than the national average.

Did you know?

  • The cost of living in Rockford is 13% lower than the Illinois average.
  • The cost of living in Rockford is 14% lower than the national average.
  • The cost of housing in Rockford is 37% 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 Rockford, 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 Rockford, 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 Rockford, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Rockford, 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$54,770$4,564$1,278$1,643
Renters$22,282$1,857$520$669
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Rockford, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Rockford, IL homeowners have a median income of $54,770. Using that number, you will come up with a maximum of $1,278 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $22,282, which means there is a maximum of $520 to be spent on the costs of renting a home or apartment.

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 Rockford, 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

ItemRockfordNational avg.Difference
Haircut $12.57$14.5913.9%
Beauty Salon $29.57$34.6814.7%
Toothpaste $1.88$2.4724.0%
Shampoo $1.00$1.022.2%
Movie $10.29$9.874.3%
Bowling $3.94$4.3910.3%

Groceries

ItemRockfordNational avg.Difference
Ground Beef $4.91$4.489.7%
Fried Chicken $1.51$1.463.1%
Milk $2.42$2.362.7%
Potatoes $2.19$3.0628.5%
Pizza $8.00$9.2413.4%
Beer $8.37$8.633.0%

Health Care

ItemRockfordNational avg.Difference
Optometrist $74.14$99.7825.7%
Doctor $112.33$105.036.9%
Dentist $89.63$88.701.0%
Ibuprofen $9.99$9.416.1%
Lipitor $319.94$298.507.2%

Housing

ItemRockfordNational avg.Difference
Home Price $97,700.00$175,700.0044.4%
Avg. Mortgage Payment $777.29$1,081.0328.1%
Apartment Rent $730.00$920.0020.7%

Transportation

ItemRockfordNational avg.Difference
Gasoline $1.96$2.096.5%
Tire Balancing $51.06$45.2912.8%

Utilities

ItemRockfordNational avg.Difference
All Electricity$176.07$170.803.1%
Phone $23.50$28.2616.8%
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.
New Milford, IL75686-14%
Durand, IL1,20387-13%
Pecatonica, IL2,26587-13%
Belvidere, IL25,71388-12%
Loves Park, IL24,43589-11%
Rockford, IL151,29086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pomona, CA151,14211919%
Pasadena, TX152,17186-14%
Fort Collins, CO149,6271066%
Hayward, CA149,59613636%
Springfield, MA153,83611010%
Rockford, IL151,29086-14%
Source: The Rockford, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.